• Term segment refers to borrowing/lending of money for period between 15 days to one year

• Term segment refers to borrowing/lending of money for period between 15 days to one year. Volume wise term segment money market is very low as compare to overnight money market. Repo in corporate bond and term money for uncollateralized bond are having less volume shares as compared to other instruments in money market. • T-bills are well developed and easily converted in cash, even in secondary market however Commercial papers doesn’t have very well developed secondary market. Holders of commercial paper need to hold security until maturity, and in case if holder need to sell before maturity to raise money then it is high probability that brokers may charge high fees.