UNIT I
INTERNATIONAL FINANCIAL MARKET
OR
INTERNATIONAL CAPITAL MARKET
OR
GDR ADR EURO BONDS
Topics to be coveredâ¦
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external detonator mart
GDRs ? ADRs ? Euro Bonds
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International fiscal Markets
IMF, World swan, ADB, Country Funds, Global Mutual Funds, Pension Funds, mercenary banks, Producers, Individuals etc. Surplus Units Deficit Units
INTERNATIONAL FINANCIAL MARKET
bullion MARKET
CAPITAL MARKET
Instruments: GDR, ADR & Euro Bonds
International cracking Market
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Capital Market A market where savers (on who have excess money) can transfer their money to borrowers (one who is having shortage of money) in exchange of a promise to have and amount higher than what they have transferred When this transfer is done internationally, it incur International Capital Market.
International Capital Market
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Any Capital Market can develop into International Capital Market, provided:
? Local
Regulations digest it ? Potential users are attracted to it.
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Some important Int.
Capital Markets are:
? London ? New
York ? Tokyo ? Singapore ? Hong-kong
International Capital Market REASONS / BENEFITS
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Currency Requirement Cost of Capital Very greathearted Issue International Positioning / Recognition Restriction in Domestic Market
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International Capital Market INSTRUMENTS
International Capital Market
INTERNATIONAL BOND MARKET
INTERNATIONAL EQUITY MARKET
EURO BOND
FOREIGN BOND
GDR
ADR
International Capital Market PLAYERS (PARTICIPANTS)
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Borrowers / Issuers Lenders / Investors Intermediaries
? Lead
and Co-Managers ? Underwriters ? Agents and Trustees ? Lawyers and Auditors ? Listing Agents and Stock Exchanges ? Depository Bank ? Custodian ? Printers
International Capital Market EQUITY GDR & ADR
GDR world(prenominal) DEPOSITORY RECEIPT ? is a negotiable instrument ? denominated in some freely convertible currency ? which is used as a...If you want to get a full essay, order it on our website: Ordercustompaper.com
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