They can be issued to individuals, corporations and companies during periods of tight liquidity when the deposit growth of banks is slow but the demand for credit is high.

Financial markets consist of agents, brokers, institutions, and intermediaries transacting purchases and sales of securities.
 

Some examples of financial markets and their roles include the stock market, the bond market, forex, commodities, and the real estate market, among several others. Financial markets can also be broken down into capital markets, money markets, primary vs. secondary markets, and listed vs. OTC markets.