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.
LOMBARD RATE
Meaning of LOMBARD RATE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012