• Define ‘financial system’ and describe its three main components—financial assets/instruments, financial intermediaries/institutions and the two key financial markets, namely, capital and money markets
• Compare and contrast the two parts of the capital/securities markets—stock exchanges/secondary market and new issue/primary market
• Discuss the three vital functions of secondary markets—nexus between savings and investments, market place and continuous price formation
• Understand the triple-service-functions of primary market—origination, underwriting and distribution—and the methods by which issues are made in the primary market
