Bill Brokers

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August 31, 2024 4 min read Definitions

Discount Market: An Integral Part of the UK Money Market

Finance Economics Discount Market Money Market UK Finance Bill Brokers Treasury Bills

The Discount Market in the UK comprises banks, discount houses, and bill brokers that facilitate short-term borrowing and discounting of bills of exchange to generate profit.

August 31, 2024 3 min read Definitions

Lombard Street: The Financial Heart of London

Finance Banking Money Market Commercial Banks Bill Brokers Discount Houses Bank of England

Lombard Street is a historic street in the City of London, known as the traditional centre of the money market. It houses numerous commercial banks, bill brokers, and discount houses, and is located near the Bank of England.