Financial Sys.

Financial Institutions Commercial Banks Insurance Companies Funds Mutual Funds Funds Provident/Pension Funds Deposits NBFC Loans Shares Securities Funds Suppliers of Funds Funds Individuals Businesses Governments Demanders of Funds Individuals Businesses Securities Governments

Private Placement

Funds
Securities Financial Markets Money Market Capital Market

Funds
Securities

Instrument Summary
Buy Side
Institu -tional Investors Institu Invest Mutual, -tional -ment Pension, Broker Managers Hedge, Dealers Insurance Funds

Market Place
Equities Market

Sell Side

Companies

Money Market

Exchanges, Alternate Trading Systems

Financial Derivatives Market

Investment Bankers Corporations Lead Managers Government -Bodies Underwriters Governments

Retail Retail Asset Broker InvestorsManagers Dealers

Debt Market

Commodity Derivatives Market

Data, Information Vendors

Matching Utilities

Clearing & Settlement Organization/ Central Counter Party Clearing Agents

Depositories Banks Custodians DPs

Utilities, Intermediaries, Service Providers