What is meant by when-issued trading? Explain how forward purchases of when-issued government T-Bills can expose FIs

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What is meant by when-issued trading? Explain how forward purchases of when-issued government T-Bills can expose FIs to contingent interest rate risk.

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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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Question Posted: Dec 17, 2015 04:59 AM

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What is meant by when-issued trading? Explain how forward purchases of when-issued government T-Bills can expose FIs

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The purchase or sale of a security before it is issued is called whenissued trading For example w...View the full answer

Financial Institutions Management A Risk Management Approach

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