ORIX Investment Bank Pakistan Limited: Money Market Brokerage

The Money Market Brokerage Division commenced its operations in December of 2001 and its core functions are as follows:

Money Market Operations:
The money market desk provides its expertise in advising the clients to place their surplus funds or to borrow money from the banking system.

Money market consists of the Fixed Income Securities (FIS) issued either by the Government or the corporate sector (TFCs), and their derivatives, along with the deposit and placement of funds in the inter-bank and retail sector. Treasury Bills and the coupon-bearing Pakistan Investment Bonds, issued by the government, form the backbone of the FIS market. Trading in these instruments, along with repos and reverse-repos, call and clean placement of funds to commercial banks and NBFI's, account for a major chunk of all money market activities in the local inter-bank market. The government issued securities are reserve eligible for commercial and investment banks and are issued by the State Bank through an auction process to the Primary Dealers, who in turn trade it in the secondary market.

FX Operations:
The foreign exchange desk advises and intermediates transactions with their clients. These transactions include:

SWAP Transaction
Forward Outright Transaction
Ready Transaction
Spot Transaction

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Tenor	Bid (%)	Offer (%)
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Tenor	Bid (%)
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Rates Archive

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