A Discount House is a financial institution that plays a crucial role in the money market by discounting bills of exchange, providing liquidity, and facilitating short-term lending.
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.
Interbank loans are short-term loans made between banks to manage liquidity and meet regulatory requirements. They play a critical role in the financial system by facilitating smooth operations and stability among financial institutions.
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.
The money market encompasses a significant segment of the financial system dedicated to the trading of short-term loans and debt instruments, with central banks playing a pivotal role in maintaining stability.
The Transaction Date refers to the date on which a financial transaction takes place, marking the official moment an exchange is recorded in the money market.
An in-depth look at the Wholesale Market Brokers' Association (WMBA), its roles, functions, and impact on the money markets, including the provision of SONIA and EURONIA indexes for overnight lending.
An in-depth exploration of the trading desk at the New York Federal Reserve Bank, also known as the Desk, which is the operational arm of the Federal Open Market Committee (FOMC).
Disintermediation refers to the process where savings are moved from traditional financial intermediaries such as banks to money market instruments like U.S. Treasury bills and notes.
A detailed entry on Repurchase Agreements (Repo or RP), explaining the mechanism, uses in money markets, and role in Federal Reserve's monetary policy.
Detailed explanation of the Secondary Market where securities are traded post original issuance, encompassing exchanges and over-the-counter markets, as well as the trading of money market instruments.
A detailed examination of Banker's Acceptances (BAs), including their definition, financial implications, types, historical context, and usage in money markets.
Explore the Eurocurrency Market, a key segment in global finance where currencies held outside their home countries are traded. Understand its definition, historical background, and various types of markets involved.
The Negotiated Dealing System (NDS) is an electronic trading platform operated by the Reserve Bank of India, facilitating the trading of government securities and money market instruments. Explore its definition, historical evolution, and membership criteria.
A comprehensive guide to Variable Rate Demand Notes (VRDNs), covering their definition, structure, interest accrual based on money market rates, and practical applications in finance and investment.
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