Search results for: “bank rate”
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Bank Rate
The rate at which the Bank of England and the Bank of Canada lend to commercial banks….
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London Interbank Offered Rate
Often abbreviated as LIBOR, the rate at which major London banks will lend funds to each other. It is used as a money market index, and loans are often expressed in terms of LIBOR plus a percentage. LIBOR is used, in Eurodollar loans, as an equivalent to prime rate in the United States….
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European Investment Bank
Summary of European Investment Bank A multilateral development bank established in 1958 by the Treaty of Rome for the purpose of assisting in the balanced growth of the European economic community (read this and related legal terms for further details) (EEC). The bank grants long-term loans […]
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European Investment Bank
Summary of European Investment Bank A multilateral development bank established in 1958 by the Treaty of Rome for the purpose of assisting in the balanced growth of the European economic community (read this and related legal terms for further details) (EEC). The bank grants long-term loans […]
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Bank For International Settlements
Bank For International Settlements Summary of Bank For International Settlements An international bank owned and controlled by the central banks of twenty-four European and five non-European central banks. The BIS was formed at the Hague Conference of 1930 in response to pressures for the […]
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European Central Bank
European Central Bank (ECB) and the Treaties of the European Union Description of European Central Bank (ECB) provided by the European Union Commission: The European Central Bank was inaugurated on 30 June 1998. On 1 January 1999 it took over responsibility for implementing European monetary […]
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Discount Rate
Also known as the re-discount rate, the rate of interest charged by the Federal Reserve to member banks for advances. The rates are set every fourteen days by the regional Federal Reserve banks upon approval of the Board of Governors of the Federal Reserve system.The discount rate is a p…
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Discount Rate
Also known as the re-discount rate, the rate of interest charged by the Federal Reserve to member banks for advances. The rates are set every fourteen days by the regional Federal Reserve banks upon approval of the Board of Governors of the Federal Reserve system.The discount rate is a p…
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African Development Bank
African Development Bank Outline The agreement to establish the AfDB came into existence in 1964, and the bank began to operate in 1966. Its membership is open to both African and non-African countries. There are about 75 members in the bank. As a regional development bank, the AfDB provides […]
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African Development Bank
African Development Bank Outline The agreement to establish the AfDB came into existence in 1964, and the bank began to operate in 1966. Its membership is open to both African and non-African countries. There are about 75 members in the bank. As a regional development bank, the AfDB provides […]
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Strategic Reserves
Hierarchical Display of Strategic reserves Energy > Energy policy > Energy policy > Energy storage Strategic reserves Concept of Strategic reserves See the dictionary definition of Strategic reserves. Characteristics of Strategic reserves [rtbs name=”xxx-xxx”] Resources Translation of […]
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Strategic Reserves
Hierarchical Display of Strategic reserves Energy > Energy policy > Energy policy > Energy storage Strategic reserves Concept of Strategic reserves See the dictionary definition of Strategic reserves. Characteristics of Strategic reserves [rtbs name=”xxx-xxx”] Resources Translation of […]
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Interbank Market
A market for the purchase and sale in the spot and forward markets for foreign exchange among major commercial banks. Very often, these banks will offer to purchase or sell exchange through brokers, thereby initially protecting the identity of the market participants in a given currency at a point i…
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Central Rate
Each currency affiliated with the EUROPEAN monetary system (read this and related legal terms for further details) is assigned a value in terms of the European currency unit (ECU). The central rate is the range within wh…
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Central Rate
Each currency affiliated with the EUROPEAN monetary system (read this and related legal terms for further details) is assigned a value in terms of the European currency unit (ECU). The central rate is the range within wh…