Money Market Instruments

  • Erik Banks
Part of the Finance and Capital Markets Series book series (FCMS)


In general terms, money market instruments are defined as short- to medium-term, senior, unsecured debt obligations of the company or bank issuing the notes. In most instances the notes are issued in shelf or programme form and are utilised, or drawn down, as required. Use of the notes is typically for general financing purposes (in lieu of, or in addition to, bank financing, equity financing or long-term bond financing). Money market instruments are often used to meet a short-term or seasonal need for funds (while equity financing and long-term bond issuance might be regarded as more ‘permanent’ forms of funding).


Credit Risk Investment Bank Equity Financing Inventory Position Inventory Limit 
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Copyright information

© Erik Banks 1993

Authors and Affiliations

  • Erik Banks
    • 1
  1. 1.TokyoJapan

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