NQF 5 - Financial Markets and Instruments THE ACADEMY OF FINANCIAL MARKETS WELCOME TO THE SESSION! THOUGHT FOR THE SESSION A good idea is an enemy of the best. Investments � The Financial Markets – Classification and instruments � The JSE and equities � Structure of an exchange � Divisions of the JSE � Purpose of an exchange � Listing a company’s shares � Trading in listed equity 1
Investments � The JSE and equities � Behavior of the market � Exercise 1 � Media information on shares Investments � The Capital (Bond) Markets � Purpose of the markets � Role-players and their bonds � Fixed rate bonds � Cash flows � Value � Example 2 � Other types of bonds � Example 3 Investments � The Money market: � Defined � Retail vs. Wholesale market � Trading in the market � Institutions in the market � Instruments in the market: � Interest rate vs. discount instruments � Example 4 2
Investments � The economy and markets: � Economic cycles � Investment in different asset classes in these economic cycles. � Trade life cycles: � Steps followed in a trade � The different sections (desks or offices) � Example 5 � Example 6 Investments � Trade life cycles: � Trade procedures of an exchange traded transaction � Settlement times and procedures for different markets � Example 7 � Financial Services: � Defined � Role-players Investments � Financial Service role-players � Banks and their services � Foreign exchange services � Investment services � Intermediary and advisory services � Stock brokers � Exchanges � Example 8 3
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