Financial market development
objectives of the development of financial markets,
financial markets is an important component of the economy. As a mechanism to drive economic activity to run smoothly. A source of the funds and those who want to borrow money to meet and agree. Securities or instruments or trading patterns during the development of the financial market, so it is intended to give financial markets can act as effective financial intermediaries. Financial markets can function effectively, it must have a depth and breadth that is an issuer that makes a variety of products to choose from and a lot of the credit risk in different ways. While there are many investors and variety to make the required return and risk in a different way. Issuers and investors of various types. Made with a view to market efficiently. As a result, many financial asset traded. Markets are flexible And can handle large volumes of transactions without compromising on price. Looks like the market is considered highly liquid. The instrument can be traded as soon as the price is reasonable addition to the payment system and deliver the performance is an important contribution to the cost of transactions low, the market is highly liquid in. allows the bot. Use the financial markets as a way to conduct monetary policy. And pass such a policy to the economy as a whole. To ensure that the interest rate And inflation is on target laid down by the BOT. The agencies have jointly developed financial markets in order to achieve the objectives stated above. The elements of the financial markets, financial markets can be divided according to purpose and form. The transaction has several parts. Each part is associated and linked closely together. In terms of yield, the player volume. And the developing one. Foreign exchange market The market for trading foreign exchange. Generally located in Over-the-Counter (OTC), which operates as a commercial bank registered in Thailand and is approved by the BOT. Serves exchange with customers to facilitate trade and investment between the countries. Banks in Thailand and abroad as a major player in this market, foreign exchange transactions in Thailand under the Exchange Control Act 2485 Regulation No. 13 (2497), including the Ministry of Finance. Announced the official exchange control Circulars and official exchange control is generally the type of transaction in foreign currency transactions are immediate. Futures transactions Foreign currency swap transactions And derivatives transactions in foreign currencies, such as FX Options and Cross Currency Swaps financial instruments of the foreign exchange market as FX Swap is closely associated with financial instruments in the money market, such as Interbank and Repo, because it is used in the short term since. On July 2, 2540, the United States acquired the new rate system. The floating exchange currency, the baht, compared to many. Determined by the market forces of supply and demand in the foreign exchange market. Both domestic and international And can fluctuate based on economic fundamentals. 2. Money market is a market for short term lending and not more than one year in order to manage liquidity in the short run. The majority of money market transactions, including transactions between a bank loan without collateral. Buying - selling short-term debt such as Treasury bonds. Notes. And B And transactions, repurchase transactions which consist of the BOT. Experience with financial institutions are called Primary Dealers Bilateral Repo transactions and private transactions made among themselves. Called repo Private or Private Repo, etc. In 2547 the Bank of Thailand. It encourages the creation of a reference rate for interbank short-term or BIBOR (Bangkok Interbank Offered Rates) for use as a reference in the making. borrowing in the money market transactions As well as a reference rate for floating rate instruments with it. Apart from banks Other players in the market, including other financial institutions. Large business firms Large enterprises
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