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Lecture Retail and merchant banking – Lecture 30

The main functions of merchant banking are the following; Corporate counselling, project counselling, pre-investment studies, capital restructuring, credit syndication and project finance, issue management and underwriting, portfolio management, working capital finance, acceptance creat and bill discounting. | Revise Lecture 30 1 1 Merchant Banking 2 Merchant Banking – An Overview The financial services sector is an important constituent of the financial system and plays a significant role in the realm of economic development of a country. Merchant Banking is a prominent component of the financial sector of our country. 3 Merchant Banking – An Overview Merchant banking, although a non-banking financial activity, resembles banking function. The function of merchant banking which originated, and grew in Europe, was enriched by American patronage, and these services are now being provided throughout the world by both banking and non-banking institutions. 4 Merchant Banking – An Overview The word ‘Merchant Banking’ originated among the Dutch and the Scottish traders, and was later on developed and professionalized in Britain. 5 Merchant Banking – An Overview In the U.S., investment bankers cater to the needs of business enterprises carrying out merchant banking functions. The main functions of | Revise Lecture 30 1 1 Merchant Banking 2 Merchant Banking – An Overview The financial services sector is an important constituent of the financial system and plays a significant role in the realm of economic development of a country. Merchant Banking is a prominent component of the financial sector of our country. 3 Merchant Banking – An Overview Merchant banking, although a non-banking financial activity, resembles banking function. The function of merchant banking which originated, and grew in Europe, was enriched by American patronage, and these services are now being provided throughout the world by both banking and non-banking institutions. 4 Merchant Banking – An Overview The word ‘Merchant Banking’ originated among the Dutch and the Scottish traders, and was later on developed and professionalized in Britain. 5 Merchant Banking – An Overview In the U.S., investment bankers cater to the needs of business enterprises carrying out merchant banking functions. The main functions of merchant banking are the following; Corporate counselling Project counselling Pre-investment studies 6 Merchant Banking – An Overview 4. Capital restructuring 5. Credit syndication and project finance 6. Issue management and underwriting 7. Portfolio management 8. Working capital finance 9. Acceptance creat and bill discounting 10. Mergers, Amalgamations and takeovers 7 Merchant Banking – An Overview 11. Venture capital 12. Lease financing 13. Foreign currency finance 14. Fixed deposit broking 15. Mutual funds 16. Relief to sick industries 17. Project appraisal 8 Public Issue Management 9 Public Issue Management The management of securities of the corporate sector offered to the public on a regular basis, and existing shareholders on a rights basis, is known as ‘public issue management’. Issue management is an important function of merchant bankers and lead managers. 10 Public Issue Management The management of issues for raising funds through various types of instruments by companies