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Lombard rate

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Lombard Rate
The rate charged to banks by the German central bank for collateralized loan obligations.

Notes:
It is similar to the discount rate used by the Federal Reserve Bank in the United States.

Lombard rate
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.
Lombard rate
The rate of interest at which the Bundesbank, Germany's central bank, lends funds to the country's commercial banks. The Lombard rate is an important indicator of Germany's monetary policy.
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Lombard rates have varied from 25 to 200 basis points above the central bank's target policy rate or related money market rates.
Proposed revision to the Federal Reserve's discount window lending ... by Nelson, William R. / Federal Reserve Bulletin
The Bundesbank accepted a drop in the rate at which it routinely supplies liquidity to the banking system and announced a further reduction in its Lombard rate of 1/2 percentage point to 7.
Treasury and Federal Reserve foreign exchange operations by Keane, Frank / Federal Reserve Bulletin
The German Bundesbank reduced its official discount rate and its Lombard rate each 100 basis points in a series of steps undertaken during the February-April period to stimulate the weakening German economy.
Treasury and Federal Reserve foreign exchange operations by Federal Reserve Bulletin
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