Search results
Results from the WOW.Com Content Network
One prominent role of Lombard credit is in use by the Federal Reserve System of the United States of America ("Fed"). Traditionally, the discount rate, [clarification needed] or the rate charged by the Fed to member banks in need of funds (ostensibly to maintain the required reserve ratio), was lower than the target federal funds rate, or the rate charged among banks for the same type of ...
Lombard Street in London. In modern central banking practice, Lombard credit refers to central bank lending against marketable securities, such as government bonds.Modern repurchase agreements are also forms of Lombard lending: one bank sells marketable securities to another (at a discount), with an agreement to repurchase the securities (typically at par) in a fixed period of time.
The primary credit is normally set 100 basis points (bp) above the federal funds target and the secondary credit rate is set 50 bp above the primary rate. The seasonal credit rate is set from an averaging of the effective federal funds rate and 90-day certificate of deposit rates. Institutions must provide acceptable collateral to secure the loan.
Lombard banking, a form of medieval banking; Lombard credit, a form of lending used by central banks; Lombard effect, a phenomenon in which a speaker or singer involuntarily raises his or her vocal intensity in the presence of high levels of sound
Lombard Street is known for its analysis of the Bank of England's response to the Overend-Gurney crisis. Bagehot's advice (sometimes referred to as "Bagehot's dictum") for the lender of last resort during a credit crunch is summarized by Charles Goodhart [5] as follows: Lend freely. At a high rate of interest. On good banking securities.
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Pages for logged out editors learn more
Lombard Odier Investment Managers (LOIM) is the name the group is known by in the international field of asset management. Outside of Switzerland, the group has branches in Europe, the Americas, Asia and the Middle East. Including its network of collaborators, the group has around 2,720 employees worldwide in 2022.
attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.