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| Money Market |
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The Money Market consists of the debt securities issued by the government and the corporate sector. |
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Government-issued 3, 6 and 12-month Treasury Bills and the 3, 5, 10, 15, 20 and 30 - year Pakistan Investment Bonds (PIB) form the backbone of the debt market.
IGI Finex Securities trades in these instruments, as well as in related products such as repos and reverse-repos. These account for a major chunk of all money market activities, especially the local interbank market. These instruments are issued by the State Bank through an auction process to the Primary Dealers, who in turn make it available for trading in the secondary market. |
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