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Lecture No.5 Fixed Deposit Dealing

Lecture No.5 Fixed Deposit Dealing. Main questions:. The definition of fixed deposit operation and its main parameters Fixed deposit dealing by means of dealing software Generally accepted money market benchmark rates. The main attributes of a fixed deposit deal .

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Lecture No.5 Fixed Deposit Dealing

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  1. Lecture No.5 Fixed Deposit Dealing

  2. Main questions: • The definition of fixed deposit operation and its main parameters • Fixed deposit dealing by means of dealing software • Generally accepted money market benchmark rates

  3. The main attributes of a fixed deposit deal • currency: any domestic or international; • deal direction; • amount; • settlement date; • term: from 1 day to several years, but usually less than 1 year • interest rate; • interest.

  4. Generally accepted settlement terms of interbank deposits

  5. Standard deposit terms in the interbank market

  6. Standard types of interbank deposits

  7. Standard-size principal amounts of deposits of Singapore brokers

  8. Interest rate calculating where RT– interest rate for period T; IT – interest for period T; V – principal amount.

  9. Calculating of interest where R – annual interest rate; Y - number of days in a year; T - deposit time period; Ds– settlement date; Dm– maturity date.

  10. LIBOR is fixed for the following currencies: • AUD (Australian Dollar), • CAD (Canadian Dollar), • CHF (Swiss Franc), • DKK (Danish Krone), • EUR (Euro), • GBP (Sterling), • JPY (Japanese Yen), • NZD (New Zealand Dollar), • SEK (Swedish Krona), • USD (US Dollar).

  11. Number of contributors for calculating LIBOR

  12. BBA LIBOR rates provided by Thomson Reuters on page Libor01

  13. BBA LIBOR rates provided by Thomson Reuters on page Libor02

  14. Trimming methodology for calculating LIBOR

  15. Individual contributor panel bank rates of USD LIBOR fixing provided by Thomson Reuters on page Libor03

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