What are the existing financial markets in the Philippines?

Financial market has many classification and different kinds in different countries. The Philippines
has a following financial market; Stock Market, Consumer Credit Market, Bond Market, Cash or
Spot Market, Money Market, Futures Market, Capital Market, and Over the counter market. There
are several financial markets executing here in the Philippines. These financial markets are not
literally a place but a forum that the lenders can lend money and borrowers that can borrow money.
These securities are issued by different sectors in the country it can be the corporation, government,
businesses and other entities that trade securities. This is also for the corporations that can issue
some financial instruments like bonds and stocks to its investors. Financial market is important
because it serves as an intermediary for surplus and deficit units.

Stock market- is a market where equity securities are traded in exchange transactions. It is a type of
ownership in a certain company or organisation. It is the process through which an institution issues
a share of common stock or preferred stock, which you can purchase.

Consumer credit market- is a debt incurred by the purchase of a good or the provision of services by
a person. It includes transactions with any loan given to a household for the purpose of purchasing a
home, a car, a gadget, an appliance, obtaining educational loans for themselves or their loved ones,
or any other comparable requirement.

Bond market- is also a financial market, is a capital market that offers financing over a lengthy
period of time. In terms of bonds, the participants in these transactions can either issue new debts,
which is known as the primary market, or they can buy and sell securities, which is known as the
secondary market.

Spot market- buying and selling is done "on the spot" for rapid delivery and payment. The spot
market is diametrically opposed to the futures and forward markets.

Money market- is a financial market where securities with a short maturity are traded and issued by
well-known companies. It became a financial market component by purchasing and selling securities
with short-term maturities of one year or less, such as Treasury bills, Certificates of Deposit, and
Commercial Papers.

Futures market- The basic function of the futures market is price discovery; it provides a market
place where buyers and sellers from many nations can deal at a fixed price. The second goal is to
transfer price risk; it establishes pricing for future delivery of a product or service and distributes
them to commodity buyers and sellers. This price risk transfer is referred to as hedging.

Capital markets- There are two types of capital markets: primary and secondary. The primary
market is marketed to investors who are purchasing new stocks or bonds through a process known
as underwriting.