Abstract
M.Com. (Investment Management)
When the mechanics of the capital market are researched it is important to emphasize the structure and operations of this market in relation to the financial system in its totality. A clear understanding of the division of the capital market in a fixed-interest rate securities
market and a market for variable interest rate securities is of the utmost importance for the insight to the operations of the capital market. Both these divisions of this market are also divided in a primary market as well as a secondary market ...