LOMBARD RATE


Meaning of LOMBARD RATE in English

Mainly applies to international equities. Interest rate used by the German Bundesbank to form an upper limit to the day-to-day money rate, since no bank will pay higher rates in the money market than it has to pay for very short-term recourse to Lombard credit.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.