immediately began to anticipate a near-term reduction in the ODR, which would further reduce Japanese interest rates and weaken the yen.
However, the Bundesbank did not further reduce the discount rate, an adjustment that many market participants
had expected and hoped might pave the way for a new round of official interest rate cuts throughout Europe.
The interest differentials between the United States and Japan were narrower, and market participants
believed that the authorities in Japan, like their counterparts in the United States, would be tending to ease monetary conditions.
recalled that the G-7, at its April meeting, had stated that "the decline of the yen.
DTCC is working closely with market participants
to facilitate the signing of MCAs between market participants
as a way to help bring these firms into our automated environment.
At the same time, market participants
concluded that the growing negative sentiment toward the Japanese currency would not be reversed by intervention that was not perceived as concerted and sustained.
As market participants
sought to shift funds from higher-yielding currencies into the mark, the exchange rate mechanism (ERM) of the EMS became strained.
First, if other evidence, including discussions with market participants
, suggests manipulation, then the SEC will begin an investigation to determine whether any security laws have been broken.
The "200 level" courses offer more in depth training for market participants
who will be using the new market design on a daily basis.
There were numerous reports that substantial losses arising from the Soviet episode had induced many market participants
subsequently to reduce their position-taking activities.
Interaction between the market participants
shall be established by means of various links.
The guidance also explains a waiver ASIC has granted to principal traders market participants
who trade only on their behalf for certain risk management obligations in circumstances where the principal trader accesses the market as client of another market participant
, as their order and position limits are set by that market participant
The purpose of the Guidelines is to recommend best practices to a variety of market participants
involved in arranging, advising on, implementing and investing in ABS and CMBS, on how to implement the disclosure requirements of the MAD for this sector of the fixed income markets.
FAS 157 provides this new definition of fair value: "Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants
at the measurement date.
, regulators, and others in the official sector should encourage further efforts to reduce the specific threats posed by cyber-terrorism.