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ONRRP

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

Overnight Reverse Repurchase Rate

An overnight interest rate that is set by a central bank, at which to borrow money from non-bank entities (for...

IOER

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

Interest on Excess Reserves

An administered interest rate and a central bank's (Fed Reserve's) tool that used to control short-term interest rates. It is...

Non-Marketable Asset

An asset that constitutes an amount of money lent by a bank to its customers (a bank loan). Non-marketable assets...

Earmarking

The process whereby a bank or similar financial institution sets aside/ appropriates an amount of money for a specific use...

IM

It stands for initial margin; in relation to a loan, it represents the difference between the current market value of...

Initial Margin

In relation to a loan, it represents the difference between the current market value of collateral posted for a loan...

ONSF

It stands for overnight standing facility; a standing facility that involves a bank (a regulated entity) lending funds to other...

Overnight Standing Facility

A standing facility that involves a bank (a regulated entity) lending funds to other market participants, on an overnight basis,...