資本市場和金融機(jī)構(gòu)(5)(文件)
【正文】 ess liquid and more risky). ? Process called Asset Transformation ? This involves Liquidity Risk ? High % of Loan (long term) involves high Default Risk ? Trend Fewer corporate loans due to disintermediation (Removal of a FIs in transaction.) Private placements through Institutional Investors (Large nonbank FIs) 12 ? Sources of Funds ? Deposits and Borrowing ? Demand deposits. Checking accounts (payable on demand) ? Notice Deposits: Interest bearing deposits that can be withdrawn with prior notice ? Fixed Term deposits: Interest bearing deposits. Includes Interbank market deposits (41%) ? NonDeposits ? Advances from BofC (overdrafts loans) ? Overnight loans ? Commercial paper ? Debentures 13 Bank Capital ( worth) Funds are raised by selling new stock or from retained earnings. Offbalance Sheet items ? No recorded on the balance sheet ? Contingent items: Occurrence, timing, and/or amount is unknown a) Credit Substitutes: ., Loan guarantees, mitted lines of credit, lending of securities held in trust by the FI. b) Derivatives products (forwards, futures, options,…) ? They bee onbalance sheet items when a contingent event occurs. 14 OFFBalance Sheet items ? Advantages: ? Additional ine。 borrowers) ↑ Flow of funds FIs ? ↑ Savings ? ↑ Investment ? Economic growth ↑ Society’s Wellbeing 3 2. Depository Financial Institutions: The Banks ‘Play a pivotal role in the delivery of financial services and are the driving force behind Canada’s financial system’ Main Function Channel funds from savers (deposittaking) to borrowers (loans). ? Core services: deposits and loans, ? Other services: Money orders, foreign exchange, letters of credit, mortgages, financial planning, RRSPs, insurance products such as creditor life insurance and investment products. 4 Some reasons why the Cdn banking system has not been negatively affected as in the . by the subprime crisis. [Canadian Bankers Association April 2021] ? Banks in Canada are more regulated than in the . ? Canada’s b
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