investment bank DCM refers to Debt Capital Market

1. Classification of DCM:

The structure of DCM is actually very simple. If it must be subdivided, it can probably be divided into DCM Origin, DCM Execution and Syndicate. Moreover, in many banks, the origin and execution are not clearly separated, so it is generally DCM Deal Team (often simply referred to as DCM) and Syndicate.

For initial issuers without rating, a reference rating will be made according to the company's credit matrix before inquiry. The main work of the bosses such as MD/D/Senior VP is to meet customers and hold meetings to achieve the ultimate goal of getting mandate.

2. What is an investment bank?

Investment Banks are a kind of financial institutions corresponding to commercial banks. They are non-bank financial institutions mainly engaged in securities issuance, underwriting, trading, enterprise restructuring, mergers and acquisitions, investment analysis, venture capital and project financing, and are the main financial intermediaries in the capital market. Investment banks are the main service providers in financial markets. Investment banks refer to financial service institutions other than traditional commercial banks, which are different from commercial banks in that their risks are not isolated. In the United States, investment banks often have two sources: one is the spin-off from comprehensive banks, such as Morgan Stanley; Second, it is developed from securities brokers, with typical examples such as Merrill Lynch.

III. Types of investment banks:

1. Merchant banks

This form of investment banks is mainly for commercial banks to engage in merchant banking and investment banking business through mergers, acquisitions, equity participation or the establishment of their own subsidiaries. This form of investment bank is very typical in Britain, Germany and other countries.

2. Universal bank

This type of investment bank is mainly located in continental Europe. They are engaged in general commercial banking business as well as investment banking business.

3. Multinational financial companies

With the outbreak of the financial crisis in 28, Merrill Lynch and Lehman collapsed, while Goldman Sachs and Morgan Stanley also transformed into financial holding companies.

4. Common words of investment banks

1. ECM=Equity Capital Market Capital Market Department

Provide market analysis for investment banking department and its customers, and provide professional advice for customers' decision-making in the financing process

2. CMD=Capital Market Department Capital Market Department, Different names

Assist IBD's securities underwriting business, evaluate and control underwriting risks, design the issuance structure of stocks or bonds, organize underwriting groups, coordinate market promotion roadshows, lead pricing and placement, and manage project income.

3. IBD = investment banking department

The investment banking department is mainly engaged in investment and wealth management, that is, purse banking. It is the advanced stage of bank development and the top of the food chain. This business mainly integrates packaging on the basis of spectrum banking business, and integrates traditional banking products in the form of efficiency or benefit. Therefore, many become financial derivatives.

4. ED=Executive Director, executive director

refers to the position set up by a small-scale limited company to be responsible for the company's operation and management without setting up a board of directors. As a director, at least one of the members of the board of directors participating in the enterprise serves as an executive director, and has the responsibility of actively performing the functions of the board of directors or designated functions.