Sentence examples for bank discount from inspiring English sources
noun
A sum equal to the interest at a given rate on the principal (face) of a bill or note from the time of discounting until it becomes due.
This paper considers four institutional designs using a simplified version of the model of Fujiki (2003, 2006), which includes a central bank intervention in foreign exchange markets, a combination of central bank discount window policy and the CLS Bank, foreign currency supply operations based on central bank swap lines, and cross-border collateral arrangements.
Freeman (1996, American Economic Review 86 (5), 1126 1138) is the first to formulate a model in which (i) debts are repaid with money and (ii) there can arise liquidity problems which give rise to a role for a central bank discount window.
cThe 6% discount rate is consistent with the South African central bank discount rate of 5.5% [ 57].
Last month, the bank exchanged their hybrid products for shares in the new bank, discounting them by 38 percent as dictated by the terms of the bailout.
On return of the instrument the seller may use this accepted bill to pay his own debts or may sell it to his bank (discounting).
Lenders queued up at their central banks' discount windows, clamouring for funds.
They include Wall Street brokerage firms, commercial banks, private banks, discount brokers and asset management firms.
Last year, Bank Sarasin of Basel sold 28percentt of its stock to Rabobank of the Netherlands; in Geneva, two family-owned banks, Discount Bank and Trust Company and Union Bancaire Privée, merged; perhaps the most stirring sign of change was the merger, announced in June, of two of Geneva's oldest banks, Darier Hentsch and Lombard Odier.
The Fed agreed to let banks borrow against private label mortgage loans with phony "AAA" ratings, cut the banks' discount rate from 6.25 to 5.75percentt, and extended "overnight" borrowings to 30 days.
E.g.: changes in interest, loan repayment and grace periods offered by banks; discounts in taxes and customs; and price subsidies.
But he defended the longstanding practice of not disclosing which banks borrow from the central bank's discount window.
