Market
The majority of investors are Japanese with 9 billion USD worth of notes issued in 2003 and the issued notional increasing every year thereafter up until 2008 when it sharply declined. Major participants in the market include issuers (usually Supranationals) of the notes under their Euro Medium Term Note program. Also heavily involved are PRDC swap hedgers - the major ones include Nomura Securities Co., Daiwa Securities Capital Markets, Mitsubishi UFJ Securities, Mizuho Securities, Deutsche Bank, UBS Investment Bank, JPMorgan Chase, Goldman Sachs, Citigroup, Barclays Investment Bank, Credit Suisse, BNP Paribas CIB, Bank of America Merrill Lynch and Royal Bank of Scotland.
Read more about this topic: Power Reverse Dual Currency Note
Famous quotes containing the word market:
“But the nomads were the terror of all those whom the soil or the advantages of the market had induced to build towns. Agriculture therefore was a religious injunction, because of the perils of the state from nomadism.”
—Ralph Waldo Emerson (1803–1882)
“... married women work and neglect their children because the duties of the homemaker become so depreciated that women feel compelled to take a job in order to hold the respect of the community. It is one thing if women work, as many of them must, to help support the family. It is quite another thing—it is destructive of woman’s freedom—if society forces her out of the home and into the labor market in order that she may respect herself and gain the respect of others.”
—Agnes E. Meyer (1887–1970)
“I refuse to be. In
the madhouse of the inhuman
I refuse to live.
With the wolves of the market place
I refuse to howl ...”
—Marina Tsvetaeva (1892–1941)