Broker loan rate
Broker loan rate
Related: Call money rate.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Broker Loan Rate
The interest rate at which banks make loans to brokers in order to finance margin loans for their clients. Because the broker wishes to make a profit on his/her own margin loans, he/she offers margin loans at a premium to the broker loan rate. It is also called the call money rate.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved