In Germany, the interest rate charged by the central bank to other financial institutions. The Lombard rate is closely watched by the credit markets because it serves as a ceiling for short-term money-market rates.
Rate at which the Central Bank provides loans to banks secured against first class paper. Named for the medieval bankers of Northern Italy.
The interest rate at which the Bundesbank ( q.v.) extends credit to commercial banks in order to cover temporary financing gaps. It is usually somewhat higher than the Bundesbank's discount rate ( q.v.).
Applies mainly to international equities. Interest rate the German Bundesbank uses as 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.
The rate at which the Bundesbank, the German central bank, lends funds to banks as short-term credit. It is normally at least 1 percentage point above the discount rate and is regarded as an important international indicator.
The rate charged to banks by the German central bank for collateralized loan obligations.
German term for the rate of interest charged for loans against the security of pledged paper. Particularly used by Bundesbank, which normally maintains its Lombard rate at about 1/2% above its discount rate
The rate of interest changed by the Bundesbank, Germany's central bank, to loans backed by moveable, easily-sold assets.
One of the key commercial interest rates normally referring to Germany although such rates exist in France, Belgium, and Switzerland. An interest rate for a loan against the security of pledged paper.
Interest rate applied to loans secured by assets (commodities or securities) that are readily realizable.