Examlex
Futures contracts are generally preferred to FRAs for hedging interest-rate risk because they are more likely to provide an exact hedge.
Over-The-Counter
A decentralized market where securities are traded directly between parties without the supervision of an exchange.
Financial Intermediaries
Institutions that facilitate the flow of funds between savers and borrowers, thereby making investment more accessible.
Stockbrokers
Licensed professionals who buy and sell securities on behalf of clients, typically charging commissions for their services.
Direct Transfers
The process of moving assets or capital directly between parties without the use of an intermediary.
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