CH05wholesalebanking(金融市场学,上海大学,悉尼大学)

Chapter5wholesalebankingStudyObjectives-Describetheroleofwholesalebanking-Describethemainactivitiesofwholesalebanking-Identifythefinancialinstitutionsthatsupplywholesale-bankingservices-Describetheoff-balancesheetholdingsofbanksWhatiswholesalebanking?-Providedproducts-Participants-Customers:largecompanies,financialinstitutionsandgovernments-Providers:smallorganizationshandlinglargeamountsandpayinglargesalaries2majorservices-Directfinancingservice-Indirectfinancingservice2sourcesofincomeInterestincomeNon-interestincomeThedevelopmentofAustralia’swholesalebankingThegrowthindirectrelativetoindirectformsoffinancing–disintermediationMostbanksaremembersofIBSAAMerchantbanksaremainlyresponsiblefortheestablishmentofwholesalebankingservices3activitiesCorporatefinancingRiskmanagementInvestmentmanagementCorporateFinanceServicesOverview-AdvisoryservicesMergersandacquisitionsFinancialplanningRaisingfunds-FinancingservicesDirectIndirectSourcesoffunds-Overseasanddomesticwholesalemarkets-CDsWhatisCD?Features:veryshortterm;CDratesandcreditrating;issueyieldhigherthanthatoffixed-termretaildepositsEffects:Allowsbankstoaccessthemoneymarketsasanalternativesourceoffundstoretailcustomers;AnalternativetosellingsecuritiesLoans-Termloans-LeasingOperatinglease:shorttermFinanciallease:mediumterm-Overdrafts:Alendingfacilitythatallowsthecustomerstooverdrawhisorherchequeaccount,uptotheoverdraftlimitLoans-RBAdataonbankloanstobusinessindicatethat:MostfundsarelentastermloansMorefundsarelentintheformofsmall-valueloansthaninwholesaleamountDirectfinancingservices-OverviewCheaperforlarge-valueborrowersTheroleofunderwriter-BillfacilitiesBillfacilitiesWhat?Why?How?RiskManagementServicesOverview-2formsoffinancialrisk:creditandmarket-Creditriskisthedefaultriskfacedbythesuppliersoffunds-Marketriskisposedbyvolatilemarketvariables:interestrates;exchangerates;securityprices.RiskManagementServicesMarket-riskmanagementinstruments(derivatives)-Forwardcontracts-Futurescontracts-Options-SwapsForeignexchangeservices-Theforeignexchangemarketoperatesessentiallyatthewholesalelevel-ServicesincludetradingandconsultingAustralia’sWholesaleBanksNBFIsMajorbanksInvestmentbanksBranchbankswholesalebanking