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2009/05/31 09:50:49 網誌分類: 未分類
銀行同業拆息（Inter-bank offered rate），又譯同業拆放利率，是銀行及金融公司在交易市場上作大額銀碼借貸活動時所採納的利息協議。由於不同交易市場的不同狀況，各地的同業拆息的差異往往很大。例如：香港和紐約的息差可能只有一厘左右，但倫敦和紐約的息差可以有五至六厘。
按照交易市場的所在，常見的銀行同業拆息現時有以下個：
- 香港銀行同業拆息 (HIBOR，Hong Kong Inter-bank offered rate)
- 倫敦銀行同業拆息 (LIBOR，London Inter-bank offered rate)
- 紐約銀行同業拆息 (NYBOR，New York Inter-bank offered rate)
- 新加坡銀行同業拆息 (SIBOR，Singapore Inter-bank offered rate)
- 東京銀行同業拆息 (TIBOR，Tokyo Inter-bank offered rate)
- 歐元銀行同業拆息 (EURBOR， Euro Inter-bank offered rate)
What Does Ted Spread Mean?
The price difference between three-month futures contracts for U.S. Treasuries and three-month contracts for Eurodollars having identical expiration months.
What Does Federal Discount Rate Mean?
The interest rate set by the Federal Reserve that is offered to eligible commercial banks or other depository institutions in an attempt to reduce liquidity problems and the pressures of reserve requirements. The discount rate allows the federal reserve to control the supply of money and is used to assure stability in the financial markets.
The interest rate set by the Federal Reserve that is offered to eligible commercial banks or other depository institutions in an attempt to reduce liquidity problems and the pressures of reserve requirements. The discount rate allows the federal reserve to control the supply of money and is used to assure stability in the financial markets.
Investopedia explains Federal Discount Rate
A decrease in the discount rate makes it cheaper for commercial banks to borrow money, which results in an increase in the supply of money in the economy. Conversely, a raised discount rate will make it more expensive for the banks to borrow, and would thereby decrease the money supply. Funds borrowed from the fed are processed through the discount window and the rate is reviewed every 14 days.
A decrease in the discount rate makes it cheaper for commercial banks to borrow money, which results in an increase in the supply of money in the economy. Conversely, a raised discount rate will make it more expensive for the banks to borrow, and would thereby decrease the money supply. Funds borrowed from the fed are processed through the discount window and the rate is reviewed every 14 days.
What Does Overnight Index Swap Mean?
An interest rate swap involving the overnight rate being exchanged for some fixed interest rate.
An interest rate swap involving the overnight rate being exchanged for some fixed interest rate.
Investopedia explains Overnight Index Swap
Generally short-term, the interest of the overnight rate portion of the swap is compounded and paid at maturity.
Generally short-term, the interest of the overnight rate portion of the swap is compounded and paid at maturity.
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