《management企业管理类英文版PPT课件40.pptVIP

Lecture Agenda Learning Objectives Important Terms Finance Defined Real versus Financial Assets The Financial System Financial Instruments and Markets The Global Financial Community Summary and Conclusions Concept Review Questions Practice Problems Learning Objectives What finance is and what is involved in the study of finance. How financial securities can be used to provide financing for borrowers and simultaneously to provide investment opportunities for lenders. How financial systems work in general. The channels of intermediation and the role played by market and financial intermediaries within this system. The basic types of financial instruments that are available and how they are traded. The importance of the global financial system. Important Chapter Terms Bourse de Montreal Brokers Canadian Trading and Quotation System Inc (CNQ) Capital market securities Common share Corporate finance Crown corporations Over-the-counter markets (OTC) Debt instruments Equity instruments Exchanges or auction markets Finance Financial assets Financial intermediaries Fourth market Intermediation Important Chapter Terms Investments Market capitalization Market intermediary Marketable financial assets New York Stock Exchange Non-marketable financial assets Ontario Securities Commission Preferred shares Primary markets Real assets Secondary markets Toronto Stock Exchange (TSX) TSX Group Inc. TSX Markets TSX Venture Exchange Winnipeg Commodity Exchange What is Finance? Finance is the study of how and under what terms savings (money) are allocated between lenders and borrowers. Finance is distinct from economics in that it addresses not only how resources are allocated but also under what terms and through what channels Financial contracts or securities occur whenever funds are transferred from issuer to buyer. The Study of Finance The study of finance requires a basic understanding of: Securities Corporate law Financial institutions and markets Real Versus Financial Assets Real