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MiFID II/R in Primary Markets
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Electronification
Primary Markets Technology Mapping Directory
Dialogue with Investors
Prospectuses
PRIIPs KIDs
Retail Access to Bond Markets
Market Infrastructure and Asset Servicing
Market Abuse Regulation (MAR) - Primary Market Aspects
Periodic Reporting / Continuing Obligations
Taxation (Primary Markets)
Other ICMA Primary Market Advocacy Materials
Primary Market Products
Bank Capital
Euro Commercial Paper
Infrastructure Financing
Islamic Finance
Private Placements
Retail Structured Products
Securitisation
Sovereign Debt
Covered Bonds (Asset Management Perspective)
Securitisation (Asset Management Perspective)
Secondary Markets
ICMA’s Rules and Recommendations for the Secondary Market
ICMA Consultation on the Buy-in Rules
Secondary Market Practices Committee (SMPC) and related Working Groups
ICMA SMPC and Terms of Reference
MiFID II/R Working Group
CSDR-SD Working Group
SMPC - Secondary Market Rules & Recommendations
ICMA Electronic Trading Council (ETC)
Central Bank Corporate Bond Purchase Programmes
Electronic Trading
ICMA Electronic Trading Directory
ICMA Industry Guide to Definitions and Best Practice for Bond Pricing Distribution
Papers and Reports
Common Domain Model (CDM)
Market Transparency
Transparency Directory
Consolidated Tape
Market Data
ICE Data Services Corporate Bond Market Liquidity Indicators
IG Corporate Bond Traded Volumes (ICE Data Services)
Euro Government Bond Markets
Euro Corporate Bond Markets
Global Bond Yields
Market Liquidity
Bond Market Liquidity Library
European Commission Expert Group on Corporate Bond Markets
ICMA Studies and Papers
Secondary Markets Regulation
MiFID II/R Implementation in Secondary Markets
CSDR Settlement Discipline
Fundamental Review of the Trading Book (FRTB)
MAR/Investment recommendations
Euro Safe Assets
Archive
Repo and Collateral Markets
ICMA ERCC Governance
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ICMA ERCC Operations Group
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ICMA GMRA Legal Opinions
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Repo Trading Technology Directory
Repo and Sustainability
Other Resources
Latest ICMA ERCC News
Sanctions on Russia: Considerations for repo and secondary trading
ICMA Guide to Asia Repo Markets
Commercial paper & certificates of deposit
Asset Management
Specific Regulatory Issues
EU Sustainable Finance Disclosure Regulation (SFDR)
MiFID II/R - rresearch Unbundling
Securitisation
Other
Brexit: Implications for AMIC Members of the UK Vote to leave the EU
FinTech and Market Electronification
ICMA FinTech Advisory Committee
New FinTech Applications in Bond Markets
Common Domain Model (CDM)
ICMA FinTech Directories
ICMA Primary Markets Technology Directory
Electronic Trading Platform Directory
ICMA Repo Trading Technology Directory
ICMA Operations FinTech Directory
ICMA Distributed Ledger Technology (DLT) Regulatory directory
FinTech Regulatory Roadmap
FinTech and Sustainable Finance Library
FinTech Jargon
Benchmark Reform and Transition to Risk-free Rates
Capital Markets Union
International Capital Market Fragmentation
The Principles, Guidelines and Handbooks
Green Bond Principles (GBP)
Social Bond Principles (SBP)
Sustainability Bond Guidelines (SBG)
Sustainability-Linked Bond Principles (SLBP)
Climate Transition Finance Handbook
Guidance Handbook and Q&A
Mapping to the Sustainable Development Goals
Membership, Governance & Working Groups
Governance Framework
Membership
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Impact Reporting Metrics and Databases
Sustainable Bonds Database
Resource Centre
External Reviews
Other Sustainable Finance Initiatives & Regulatory Issues
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Financial Market Foundations Courses
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Education
Introduction to Primary Markets Qualification (IPMQ)
Test your knowledge
1. A bond issued and traded in both the domestic and Eurobond markets is:
An exchangeable
A foreign bond
A benchmark
A global bond
2. Your view is that security X has an expected rate of return of 11% and it has a beta of 1.5. The risk free rate is 5% and the market expected return is 9%. According to the CAPM, this security is:
Underpriced
Overpriced
Fairly priced
Can’t be determined from data provided
3. Which of the following is incorrect: syndicating a new securities issue promotes...
Risk reduction
Larger fees
Better distribution
Enhanced liquidity
4. Investors indicate to the underwriter how many securities they would like to buy in a new issue and these indications are accumulated in order to set the price. This process is known as:
Best efforts
Bought deal
Bookbuilding
Syndication
5. In terms of relative risk, which of the following is true?
Debt is risky for investors while equity is risky for the firm
Both are equally risky for investors
Both are equally risky for the firm
Debt is risky for the firm while equity is risky for the investor
answers
4,3,2,3,4
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