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Banking

Overnight Facility

A lending facility that is extended overnight, applying an overnight rate- that is, the interest rate at which a depository...

Overnight Reverse Repo Rate

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

Overnight RRP

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

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...

Uncommitted Facility

A loan facility (e.g. a credit line) whereby the two parties (lender and borrower) have a large degree of discretion...

Committed Facility

A loan facility (e.g. a credit line or a repo facility) whereby the provider is contractually required to advance funds...

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,...

Standing Facility

A credit facility that a central bank makes available to counterparties (banks and other financial institutions) at their own initiative....