1.   The idea is to ensure an orderly market by giving market participants a cooling-off period with a chance to reassess their positions.

2.   This contract enables international market participants to hedge their positions during the European trading day.

3.   Thus, if interest rates are expected to fall, market participants will be unwilling to sell bills outright to the Bank.

4.   The governing board and committees of exchanges are usually composed of market participants.

5.   Other market participants are able to act in a dual capacity.

6.   It should also be appreciated that activity between market participants is used by the Bank of England, directly and indirectly to implement monetary policy via interest rate changes.

7.   The process of arbitrage would ensure that it occurs although in reality market participants would alter rates immediately, so that arbitrage opportunities did not occur.

8.   Although few market participants expect any change in interest rates at the meeting, investors were not inclined to get ahead of themselves.

9.   Along with the brightening long-term pictures, bond market participants were heartened to see that transactions agreed to in recent days actually settled Wednesday for the first time.

10.   Although financial markets in Japan remain open during Obon, many market participants leave Tokyo during the period.