ZIMBABWE’s money market has undergone a wave of innovation with issuers diversifying offerings to balance investors’ needs for liquidity and value-preservation, a wealth management firm has said.
Some of the instruments in the market include certificates of deposit, commercial paper — short term unsecured debt notes issued by a company and bankers’ acceptances.
“We have already seen increased money market sophistication from private sector money market placements and increased hedge like features being introduced by players in the private sector,” First Mutual Wealth (FMW) said in a recent note.
“The banking sector has additionally done partnerships with banking clients for the creation of securities that can attract more funding for working capital and investment related capital expend
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