[SIE] 26, Money Market Instruments
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.
In this episode you will learn:
- The core characteristics of money market instruments: short-maturity, high-quality, and high-liquidity.
- Why corporations issue commercial paper with maturities of 270 days or less.
- How banker's acceptances are used to facilitate international trade and import/export financing.
- The mechanics of a repurchase agreement (repo) and who is considered the borrower.
- Common traps and key distinctions between these instruments as tested on the SIE exam.
For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818