What is FIC Full Form in Banking?
The FIC Full Form in Banking is Fixed Income and Currencies. The Fixed Income and Currencies Department of investment banks, helps in coordinating the interest rate of the bank, while concurrently tracking the activities of its currencies. They play an integral role in the market section of the investment bank, along with the departments of commodities and equities.
Significance of FIC in Banking:
The FIC division is a significant revenue generator for banks, particularly in investment banking. It entails trading, structuring, and selling complicated financial instruments. Banks use FIC activities to control interest rate, credit, and currency risk for themselves and their customers.
Benefits of FIC in Banking:
The fixed-income market, particularly government bonds, is crucial for determining interest rates and affecting monetary policy. Currency markets are critical to international trade and global economic stability. Banks in the FIC market offer liquidity, allowing clients to conduct large transactions effectively. The FIC is an integral component of the global financial system, as it offers various products and services that cater to the diverse needs of clients and also help them manage their financial risks.
Other Full Forms
- Financial Intelligence Center
- Financial Institutions Coverage
