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Banking

SBLOC

A line of credit (L/C, LOC) that is extended to a client with assets (securities)- eligible securities- that can be...

POMO

An acronym for permanent open market operation; an open market operation (OMO) that involves outright purchases or sales of securities...

MRO

An acronym for main refinancing operation; an open market operation (OMO) that entails providing one week liquidity to the banking...

OMO

An acronym for open market operation; a practice or operation that is carried out by a central bank whereby it...

TOMO

An acronym for temporary open market operation; an open market operation (OMO) that involves short-term repurchase and reverse repurchase agreements...

ONRRP

It stands for overnight reverse repurchase rate (overnight RRP); an overnight interest rate that is set by a central bank,...

IOER

It stands for interest on excess reserves; an administered interest rate and a central bank's (Fed Reserve's) tool that used...

CeBM

It stands for central bank money; the liabilities of a central bank that constitute banknotes (and other forms of money-...

CBM

It stands for central bank money; the liabilities of a central bank that constitute banknotes (and other forms of money-...

CoBM

It stands for commercial bank money; it describes the portion of a currency (money supply) that is created out of...