Dylematy aktywności banków na rynku skarbowych instrumentów dłużnych

Abstract

Financial market offers various possibilities. One of its major elements are debt instruments, including the treasury debt instruments. They are important for the economy and its various participants, including the banking sector, because they attend primary and secondary markets. The presentation focuses on areas of bank’s activity in the treasury debt instruments (bills) and T-bonds market. First, the significance of above issues is connected with the role of Treasury debt instruments (financing the needs of the state budget and enabling the surplus funds transfer between sectors). Secondly, the project seems to be highly attractive to potential investors. The study will involve the commercial banks participation in this market. Commercial banks will represent the whole banking sector institutions since the activity of cooperative banks in this area is limited. The work will be placed in the context of public debt financing and will refer to two types of instruments: treasury bills and bonds. While dealing with debt instruments, it is necessary to concentrate on their essence, diversity, emission targets and potential investors. Then, referring to the role of banks in this market it is highly recommended to notice their activity in the primary and secondary market. The work consists of three parts. In the first one, there are introduced treasure bills as debt instruments and as a way of banking investment. The second part shows specification and banks’ activity in the financial market segment and the last part describes the usage of treasury bills and bonds by the banking sector.