Financial Institutions – banks, investment banks, finance companies, superannuation funds, life insurance companies, unit trusts and the Australian Securities Exchange
- Banks: Major operators in financial markets. Businesses can receive loans and make investments/loans.
- Investment Banks: Help to raise capital for acquisitions and provide working capital.
- Finance companies: Non-bank financial intermediaries that specialise in smaller commercial finance. They raise capital through debentures.
- Superannuation Funds: Large investors of pooled money. They can provide loan funds to the corporate sector.
- ASX: The market operator, clearing house and payments facilitator. It is where share in companies are offered for trading.
Extract from Business Studies Stage 6 Syllabus. © 2010 Board of Studies NSW.