call loan

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Related to call loan: Call loan rate

Call loan

A loan repayable on demand. Sometimes used as a synonym for broker loan or broker overnight loan.

Demand Loan

A loan that must be paid on demand from the lender. Demand loans are often used to fund margin accounts; alternatively, they are common for personal loans with no set maturity. Demand loans often require collateral and are also called call loans. See also: Margin call.

call loan

A loan that may be terminated at any time by either party. For investors, a call loan means bank loans to stockbrokers for the purpose of carrying customer margin borrowing, using securities as collateral. The rate of interest, similar to that on other high-quality short-term loans, varies over time. Brokerage firms usually charge customers the rate on call loans plus an additional 1% or so depending on the amount borrowed. Also called broker call loan. See also broker's loan.
References in periodicals archive ?
At the time of the transactions, interbank call loans were not considered for taxation purposes, the high court said, citing the 1977 Tax Code.
Table 3 illustrates one link between call loan rates and aggregate NYC bank clearinghouse deposits and reserves.
Hence, a substantial devaluation of call loan assets would seriously weaken their balance sheets and threaten their solvency.
36) The call loan rate did have a statistically significant seasonal pattern between January 1919 and December 1927.
Given the tone and content of the debate, an asset-backed currency from some form of decentralized banking structure with reserve holdings insulated from the call loan market now seemed possible.
Leaving its monetary policy unchanged, the policy board has voted to keep the bank's unsecured overnight call loan rate at a range of 0.
The policy board of Japan's central bank has also voted unanimously to leave the unsecured overnight call loan rate at 0.
The weighted average of unsecured overnight call loan rates dropped to zero for the first time in the Tokyo market Monday, money traders said.
At the end of two-day policy meeting, Bank of Japan's (BOJ) Governor Masaaki Shirakawa and his six board colleagues voted unanimously to keep the unsecured overnight call loan rate on hold.
The BOJ board has voted unanimously to leave its unsecured overnight call loan rate unchanged at 0.
The brokers also noted major commercial banks -- long-time call loan takers -- have had less need for call loans due to the mammoth inflows of ordinary deposits into large banks in recent months.
5% and steering the weighted average of overnight unsecured call loan rates to around 0.