Page 13 - CAPE Financial Services Syllabus Macmillan_Neat

UNIT 1
MODULE 1: INTRODUCTION TO FINANCIAL PRODUCTS AND SERVICES (cont’d)
SPECIFIC OBJECTIVES
Students should be able to:
10. describe the types of financial
institutions (intermediaries)
typically found in financial services;
CXC A38/U2/16
CONTENT
(b) Capital market instruments:
(i) stocks, mortgages;
(ii) corporate bonds;
(iii) government securities
(sovereign and municipal);
(iv) state and local government
bonds; and,
(v) consumer and bank
commercial loans.
Financial institutions or intermediaries:
(a) Depository institutions:
(i) commercial banks;
(ii) savings and loan associations;
(iii) mutual savings banks; and,
(iv) credit unions.
(b) Contractual savings institutions (or
non-depository institutions):
(i) life insurance companies;
(ii) pension funds; and,
(iii) government retirement funds.
(c) Investment intermediaries:
(i) finance companies;
(ii) mutual funds;
(iii) money market mutual funds;
and,
(iv) investment banks.
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