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1、Chapter 5,wholesale banking,Study Objectives,-Describe the role of wholesale banking-Describe the main activities of wholesale banking-Identify the financial institutions that supply wholesale-banking services-Describe the off-balance sheet holdings of banks,What is whole sale banking?,-Provided pro
2、ducts-Participants-Customers:large companies,financial institutions and governments-Providers:small organizations handling large amounts and paying large salaries,2 major services,-Direct financing service-Indirect financing service,2 sources of income,Interest incomeNon-interest income,The developm
3、ent of Australias wholesale banking,The growth in direct relative to indirect forms of financing disintermediationMost banks are members of IBSAAMerchant banks are mainly responsible for the establishment of wholesale banking services,3 activities,Corporate financingRisk managementInvestment managem
4、ent,Corporate Finance Services,Overview-Advisory services Mergers and acquisitions Financial planning Raising funds-Financing services Direct Indirect,Sources of funds,-Overseas and domestic wholesale markets-CDs What is CD?Features:very short term;CD rates and credit rating;issue yield higher than
5、that of fixed-term retail deposits Effects:Allows banks to access the money markets as an alternative source of funds to retail customers;An alternative to selling securities,Loans,-Term loans-Leasing Operating lease:short term Financial lease:medium term-Overdrafts:A lending facility that allows th
6、e customers to overdraw his or her cheque account,up to the overdraft limit,Loans-RBA data on bank loans to business indicate that:Most funds are lent as term loans More funds are lent in the form of small-value loans than in wholesale amount,Direct financing services,-Overview Cheaper for large-val
7、ue borrowers The role of underwriter-Bill facilities,Bill facilities,What?Why?How?,Risk Management Services,Overview-2 forms of financial risk:credit and market-Credit risk is the default risk faced by the suppliers of funds-Market risk is posed by volatile market variables:interest rates;exchange r
8、ates;security prices.,Risk Management Services,Market-risk management instruments(derivatives)-Forward contracts-Futures contracts-Options-Swaps,Foreign exchange services,-The foreign exchange market operates essentially at the wholesale level-Services include trading and consulting,Australias Wholesale Banks,NBFIsMajor banksInvestment banksBranch banks,wholesale banking,
