1 ) The rate at which the Bank of Canada charges on loans to the charted banks. 2) The rate at which the chartered banks lend demand money to their prime customers. 3) The minimum rate at which the Bank of Canada makes a short term advance to chartered banks, to savings banks governed by the Quebec Savings Bank Act and to investment dealers who are money market jobbers. Historically the bank rate has been administered directly by the Bank of Canada and was changed from time to time as a symbolic indicator of the bank's attitude toward monetary policy. However, recently (beginning March 13, 1 1980) the bank rate was set at 1/4 of 1 % above the weekly average tender rate of 91-day Treasury Bills.
The rate at which the Bank of England used at one tome to rediscount first-class bills for its customers. It has long been abolished. At one time many other interest rates were specified in terms of their margin above bank rate. It directly affected other interest rates only when the market needed to borrow from the Bank of England, but changes in bank rate were announced as a means of informing the City of the Bank of England's views on what commercial interest rates should be.
The interest rate charged by a central bank to commercial banks for very short term loans; the discount rate.
The interest rate at which the Bank of Canada lends short-term funds to chartered banks.
the discount rate fixed by a central bank
Interest rate the Central Bank charges on loans to Canada's chartered banks. 2) The interest rate at which the chartered banks lend "demand money" to their prime (best) customers. Also known as the prime rate. Often variable rate mortgages are set "slightly above" the bank rate.
The minimum rate at which the Bank of Canada will make short-term advances to the chartered banks and money market dealers. Since 1980 the bank rate has been set at 1/4 of 1% (25 basis points) above the weekly average tender rate of 91-day Government of Canada treasury bills. The upward and downward trend of the bank rate affects the prime lending rates that chartered banks give to their most creditworthy borrowers, as well as rates on all types of bank deposits, short term paper, bonds and mortgages.
The interest rate at which a countries central bank lends money to its domestic banking system.
The rate at which a country's central bank will make short-term loans to chartered banks and other financial institutions, and against which the benchmark for prime rates is set by financial institutions.
The rate at which a central bank is prepared to lend money to its domestic banking system.
The Bank of England's base lending rate, the minimum rate at which the Bank will lend to other banks and therefore the rate used as a reference by the whole financial system.
Rate at which the Bank of Canada makes short-term advances to chartered banks and other financial institutions. The prime rate set by financial institutions is based on the bank rate.
The rate at which the Bank of Canada charges loans to the chartered banks. This is the rate on which lending institutions base their prime lending rate.
The minimum rate at which The Bank of Canada makes short-term advances to the chartered banks and other deposit taking institutions.
(Taux d'escompte) Minimum rate that the Bank of Canada charges financial institutions for its loans.
The minimum rate at which the Bank of Canada makes short-term advances to the chartered banks, other members of the Canadian Payments Association and investment dealers who are money market "jobbers". Since 1980, the bank rate has been set at 1/4 of 1 percent (25 basis points) above the weekly average tender rate of 91-day Government of Canada treasury bills.
( taux d'escompte). The minimum lending rate of the Bank of Canada. It is applied to advances to institutions that are members of the Canadian Payments Association, and to purchase and resale transactions with key investment dealers in the money market. It is also the primary indicator of Bank of Canada monetary policy. The bank rate is an important tool because it is seen as the trend-setter for other short-term interest rates. Changes in the bank rate often lead to changes in the prime rate, which is the rate of interest that commercial banks charge to their lowest-risk customers. Other rates can be affected including those for mortgages, cars and business loans, as well as rates paid to savers on deposits and investment certificates.
The rate at which the Bank of Canada makes short-term loans to chartered banks and other financial institutions, and the benchmark for prime rates set by financial institutions.
The minimum interest rate the Bank of Canada charges when it makes short-term loans to banks and other financial institutions.
The interest rate charged to banks on loans to them by the central bank of a country
The rate of interest charged on one day loans to banks by a central bank.
The interest rate paid by major financial institutions if they borrow from the Bank of Canada. The Bank Rate influences the rates of interest major financial institutions charge and pay their customers.
Also known as "Discount Rate." This is a percentage of each sale that the bank charges as per Visa and MasterCard Rate requirements. All banks are required to have at least 3 rate structures. Face to face retail (usually the lowest rate e.g.. 1.49%). Phone, Mail and Internet rates (usually higher e.g.. 2.24%). And a rate for imprinted or phone authorized rates (highest rate e.g.. 2.62%). It is very important to correctly classify the way you will accept credit cards so that you can achieve the best rate structure.
Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.