Financial market development objectives of financial market development
.The financial market is an important element of the economic system. The mechanism driving the economic activities to proceed smoothly. Is the source that the money left and those in need of money to meet and agreed to loan.Between each other. Therefore, the development of the financial market, therefore, aims to provide financial markets can act as a financial centre with efficiency.That is, there are issuers, variety, choose a product to a lot of risk in the credit is different.Issuers and investors of various types. To view the market several directions. The trading of financial assets, the transfer market is agility.The financial markets like this are considered to have a high liquidity. Because the instrument can be traded hands quickly at a reasonable price.In addition, the financial markets with high liquidity will help BOTCan use financial markets as a channel of the monetary policy. And transmission of such policies to the overall economy. To take care of the interest rate. And the inflation rate plan. Because of this, the BOTAnd the relevant departments have jointly developed financial markets, to achieve the above ตามที่กล่าว
the elements of the financial market
.Financial markets can be divided according to the purpose and form the transaction has several parts. Each part has a relationship and are closely linked, both in terms of rate of return, the players, transaction volume and the level of development 1
.The foreign exchange market. The market for foreign exchange trading. In general, in the manner Over-the-Counter (OTC) ซึ่งผู้ดำเนินการ will be commercial banks in Thailand and permission BOTA foreign exchange with customers to facilitate the trade and international investmentB.Professor 2485 ministerial regulation No. 13 (1999)2497), including the notification of the Ministry of Finance Announced the official exchange control. Circular control officer and currency related by general types of transactions in foreign currency consists of transaction immediately.Foreign currency swap transaction Derivatives transactions and foreign currency, such as FX Options Cross Currency and Swaps financial instruments of foreign exchange market, such as FX Swap has close relation to financial instruments in the financial market, such as Interbank.Repo because they are tools used in the short term loan from the 2 July 2540 onwards. The system switched to rate. Floating exchange rate when compared with the currency.Both at home and abroad. And can change up and down according to the economic fundamentals
.2.The money market is the market for borrowing and short term investment does not exceed 1 years. To manage liquidity in short time. Transactions in the market were unsecured loan transactions between banks.Such as treasury bills and bonds the BOTPromissory note and bill of exchange. And the repurchase transaction which is divided into transaction bot.With financial institutions, as Primary Dealers called transaction Bilateral Repo and other private sector between each other. Call transaction private treasury or Private Repo etc., in 2547 BOTHas pushed to create a line reference rate loans between banks short-term or BIBOR (Bangkok Interbank Offered Rates). For use as a reference in the transaction to borrow money in the currency market.Apart from commercial banks in other market players, including other financial institutions, the company business, large state-owned enterprises
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