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Financial markets and the treasury function
Money market instruments
A money market instrument is any type of security that is traded in the
money market.
Coupon bearing securities
Certificates of deposit (CDs)
Sale and repurchase agreements (repos)
Discount instruments
Treasury bills
Commercial bills
Commercial paper
Banker’s acceptances
Derivatives
FRAs
Caps and floors
Interest rate futures and options
Interest rate swaps
Swaptions
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