Results for: "Money Market Dealers" in "Sandton, South Africa"

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1414 Lingerette Av

Via Avellano

Lingerette Av

Sandton

2157

Gauteng

South Africa

-26.02585

28.07535

Money market dealers

A money market dealer is a firm that trades in a category of financial markets known as the money market. The trade involves securities and financial instruments of short term maturities. These are regarded as highly liquid financial instruments as they have maturities less than 90 days to one year.

Short term instruments include bankers' acceptance, certificates of deposit and commercial papers. Sometimes they encompass government securities however only those that mature within three years or less like treasury bills

Retail stores such as Shoprite and Checkers allow people to send money to their loved ones through the money market service. This services is suitable for use by receivers who do not have bank accounts or in scenarios where a bank deposit may take long to clear. When collecting money through money market offered by some supermarkets one needs to provide the identity document of the person to which the money has been sent.
The cashier on behalf of the store takes a photocopy of the identity document for reference and let the recipient sign to prove that they collected the money. There are several ways in which people may send money within and beyond the borders of South Africa.

Every business has its cons however money market dealers have a lot of freedom in their trade. Unlike markets that are organised like the stock exchange the money market is not strictly regulated. To find out more about money market dealers, browse our Yellow Pages listings.
 

Money market dealers

A money market dealer is a firm that trades in a category of financial markets known as the money market. The trade involves securities and financial instruments of short term maturities. These are regarded as highly liquid financial instruments as they have maturities less than 90 days to one year.

Short term instruments include bankers' acceptance, certificates of deposit and commercial papers. Sometimes they encompass government securities however only those that mature within three years or less like treasury bills

Retail stores such as Shoprite and Checkers allow people to send money to their loved ones through the money market service. This services is suitable for use by receivers who do not have bank accounts or in scenarios where a bank deposit may take long to clear. When collecting money through money market offered by some supermarkets one needs to provide the identity document of the person to which the money has been sent.
The cashier on behalf of the store takes a photocopy of the identity document for reference and let the recipient sign to prove that they collected the money. There are several ways in which people may send money within and beyond the borders of South Africa.

Every business has its cons however money market dealers have a lot of freedom in their trade. Unlike markets that are organised like the stock exchange the money market is not strictly regulated. To find out more about money market dealers, browse our Yellow Pages listings.
 

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