What does DCM do at a Bank?
In this video, Tim gives an overview of the global bond market before going into the specifics of the DCM roles beyond assisting issuers to raise financing.
Overview
The role of DCM at a bank is to work with potential issuers who wish to raise financing in the international capital markets by issuing bonds. Globally, there are around $4-5 trillion new issues each year. Also, the total amount of bonds outstanding was nearly $103 trillion at the end of 2018.
Key learning objectives:
Identify the role of a DCM at a bank and the good qualities they possess
Explain the differences between loans and bonds
Discuss the role of Credit Agencies
Define Private Placements and describe their function
Summary
Expert
Tim Hall
Tim has nearly 30 years of experience in the international capital markets at major global institutions and has worked both on the buy-side and the sell-side. He has worked with numerous companies, banks and governments in developed and emerging markets on investment grade and high yield bond issues, from straight-forward to very complex acquisition/leveraged financings. Tim has also been on the board of a UK “challenger bank.” Tim has an MBA from the Wharton School, and is a CFA.
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