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Assignment on Financial Markets and Institutions

   

Added on  2020-05-28

8 Pages1409 Words190 Views
Running head: FINANCIAL INSTITUTION AND MARKETFinancial Institution and MarketName of the StudentName of the UniversityAuthor’s Note

1FINANCIAL INSTITUTION AND MARKETTable of ContentsIntroduction......................................................................................................................................1Activities and Performance of Mercer Super Trust.........................................................................2Uses and Sources of Funds..........................................................................................................2Time Value of Money..................................................................................................................2Performance of Mercer Super Trust............................................................................................2Participation of Mercer Super Trust in the Financial Markets........................................................3Applicable Regulations....................................................................................................................3Conclusion.......................................................................................................................................4References........................................................................................................................................5

2FINANCIAL INSTITUTION AND MARKETIntroductionThe Australian Financial System includes the major arrangements and thesearrangements cover the funds for the activities of borrow and lend including the transfer in theownership of different financial claims. The crucial participants of Australian financial systemare authorized deposit taking institutions like credit unions, banks, insurance companies,superannuation funds, financial market and different payment systems. Thus, it can be said thatAustralia has a very strong and well-structured financial system (rba.gov.au 2017). In thefinancial system of Australia, three types of financial institutions can be seen; they are‘Authorized Deposit-taking Institutions’ (ADIs), ‘Non-ADI Financial Institutions’ and Insurersand Funds Managers. Under ADIs, the main institutions are banks, building societies and creditunions; and Australian Prudential Regulatory Authority (APRA) controls them. Under non-ADI,the main institutes are companies of the money market, finance firms and securitisers; andAustralian Securities and Investment Commission (ASIC) controls them. Others are lifeinsurance corporations, general insurance firms, health insurance organizations, public unittrusts, trusts for managing cash, common funds and friendly societies (rba.gov.au 2017). Themajor financial markets in Australia are the debt market that includes long-term and short-termdebt securities market, derivatives market and equity market. The main aim of this report is toanalyze and evaluate the financial system of Australia by using one Australian financialinstitution (rba.gov.au 2017). For this report, Mercer Super Trust is taken into consideration. Thefirst part of the report shows activities and performance of Mercer Super Trust. In the secondpart, the participation of Mercer Super Trust in two of the financial markets is discussed. Thenext part is about the discussion of regulations.

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