Search results for: “world bank group”
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Foreign Banking Market
That portion of domestic bank loans supplied to foreigners for use abroad….
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Federal Financing Bank
A federal institution that lends to a wide array of federal credit agencies funds it obtains by borrowing from the U.S. Treasury….
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Export-Import Bank (Ex-Im Bank)
The U.S. federal government agency that extends trade credits to U.S. companies to facilitate the financing of U.S. exports….
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Eurobank
A bank that regularly accepts foreign currency denominated deposits and makes foreign currency loans….
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Eligible Bankers’ Acceptances
In the BA market, an acceptance may be referred to as eligible because it is acceptable by the Fed as collateral at the discount window and/or because the accepting bank can sell it without incurring a reserve requirement….
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Consortium Banks
A merchant banking subsidiary set up by several banks that may or may not be of the same nationality. Consortium banks are common in the Euromarket and are active in loan syndication….
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Clearing House Interbank Payments System (Chips)
An international wire transfer system for high-value payments operated by a group of major banks….
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Bankruptcy Risk
The risk that a firm will be unable to meet its debt obligations. Also referred to as default or insolvency risk….
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Bankruptcy View
The argument that expected bankruptcy costs preclude firms from being financed entirely with debt….
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Bankruptcy Cost View
The argument that expected indirect and direct bankruptcy costs offset the other benefits from leverage so that the optimal amount of leverage is less than 100% debt finaning….
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Bank Discount Basis
A convention used for quoting bids and offers for treasury bills in terms of annualized yield , based on a 360-day year….
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Bank Line
Line of credit granted by a bank to a customer….
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Bank Wire
A computer message system linking major banks. It is used not for effecting payments, but as a mechanism to advise the receiving bank of some action that has occurred, e.g. the payment by a customer of funds into that bank’s account….
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Ban (Bank Anticipation Notes)
Notes issued by states and municipalities to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue….
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Bank Collection Float
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer’s bank….