The trading objects in the financial market mainly include corporate bonds, mortgage notes and stocks.
According to the different attributes of securities, financial markets are divided into bond markets and stock markets. The object of debt market transactions is debt certificates, such as corporate bonds and mortgage bills. The object of stock market trading is stocks. Financial markets can be divided into local currency market (including money market and capital market), foreign exchange market, gold market and securities market.
Extended data
Swaps in financial markets;
1. Currency swap: refers to the swap between two debt funds with the same amount, the same term and the same interest rate calculation method, but with different currencies, and also refers to the currency swap with different interest amounts.
2. Interest rate swap: Interest rate swap refers to two funds with the same currency, the same debt amount (principal) and the same term, but both parties to the transaction borrow at fixed interest rate and floating interest rate respectively. In order to reduce the capital cost and interest rate risk, the two sides exchanged fixed interest rates and floating interest rates. Simply put, interest rate swap is a swap between debts in the same currency, while currency swap is a swap between debts in different currencies.
Interest rate swap is an agreement that the two parties bound by the contract exchange cash flows according to a certain amount of principal within a certain period of time. In interest rate swap, if the existing position is debt, the first step of the swap is the interest income matching the debt interest; After matching with the existing insurance position, the borrower creates the required position through the second step of swap transaction.