Market participants include investment banks (Goldman Sachs, JPMorganChase), commercial banks (Bank of America, Sumitomo),
mutual funds (Prudential, Merrill Lynch Asset Management),
hedge funds, funds of funds, private equity funds, pension funds (CalPers),
university endowments (Harvard, University of California),
credit card lenders (American Express, MBNA/Bank of America),
insurance companies (AIG, State Farm),
governments,
non-governmental (NGO) organizations (World Bank, Inter-American Development Bank),
home loan banks (FHLB, Fannie Mae, Freddie Mac),
and the Treasury departments of large multinational corporations (Wal-Mart, British Petroleum).
A variety of special purpose vehicles (SPVs) such as CDOs and real estate investment trusts (REITs) also participate in the TRS market.
国际策略投资集团ISI（ International Strategy& Investment Group Inc ）
