Bank Bill


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Bank Bill

1. See: Bank Note.

2. See: Bank Draft.
References in periodicals archive ?
To find out why bank bill volumes have trended lower over recent years, and why the decline has been even greater in the BKBM rate set process, we drew on discussions with a range of market participants and other experts.
a change in subsidiary bank behaviour following investigations into manipulation by the major banks in Australia of its short term interest rate benchmark, the Bank Bill Swap Rate (BBSW).
Regulations were seen as having had a significant structural impact on the overall bank bill market.
Given that the Australian OIS market has been around longer, it is worth examining how accurate OIS rates are in predicting policy rates in Australia, compared with the more developed bank bill market.
Third, average forecast errors for Australian cash rate expectations derived from OIS rates have been substantially smaller than those derived from bank bill rates, particularly for shorter horizons.
Table 1 Forecasting errors in Australian bank bill and OIS markets (in basis points) (11) Australian bank bill Australian OIS Horizon (months) Mean Standard Mean Standard deviation deviation 1 8.
Figure 3 represents an example of the calculation of OCR expectations implied from bank bill rates quoted on 24 May 2001:
The first line shows the dots indicating the quoted bank bill rates (as supplied by a wholesale interest rate broker) and the joining line shows the day-by-day bank bill rates calculated by linear interpolation.
The second line shows the forward one day rates calculated from the day-by-day bank bill rates.
If the trustee does not exercise its option to call the class A2 notes, the notes will then pay a floating rate of interest based on the one-month bank bill rate plus 0.
Reuters Central Bank Bills Reference Rates, Treasury Bonds Reference Rates and Sovereign Bonds Reference Rates are calculated from indicative rates provided by 13 Chinese and foreign banks, including Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, Deutsche Bank, HSBC and Standard Chartered Bank.
The bank said that it would start selling longer-term government bonds and allow trading in central bank bills in order to diversify funding sources.