That was why it devised a financial structure that was meant to protect it against short-term problems: investors had their money locked in for a minimum of three years, and all borrowing was at maturities of three months to a year.Everyone was caught out by a problem known to even the humblest trader: liquidity risk, or the ability to get rid of positions.
Last month, 82 banks and insurers bid for the first loan, which had a maturity of six months.
It said that on Aug. 31 of that year, more than 60 percent of the fund's assets had maturities of six months or less.
With bills of exchange accounting for most international payments, this implied that a group of British merchant banks and discount houses accepted and discounted vast amounts of sterling-bills (generally of three months maturity) sustaining the most liquid money market in the world (see e.g. Fletcher 1976, ch. 2).
Female hippos reach sexual maturity at five to six years of age and have a gestation period of eight months.
Gestation is of seven months.
C.D.'s have an advantage if interest rates fall -- your initial rate is locked in until maturity, whether three months, six months, or a year or more away.
The term to maturity is three months.
The yield curve represents the yields on U.S. Treasury bonds with maturities from three months to 30 years.
But the alligators could not keep pace with the nutria's reproductive agility: sexual maturity at six months, two to three litters a year of up to 13 offspring, and in heat again 48 hours after giving birth.
