Rediscount


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Related to Rediscount: rediscount rate

Rediscount

To discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank.

Rediscount

To declare a discount for the second time. For example, an issuer may offer a bond at a discount from its par value to entice investors. If this does not work, the issuer may discount the bonds further in order to encourage people to buy the bond.

rediscount

To discount a negotiable instrument a second time.
References in periodicals archive ?
Issuing a statement, the CBRT disclosed, "The overall limit of rediscount credits has been increased from $17 billion to $20 billion in order to expand the utilization of the Central Bank's rediscount credit facility and increase the contribution of rediscount credits to the bank foreign exchange reserves."
Turkey's central bank said that it has raised its rediscount credit limits.
Out of the total amount disbursed under the peso rediscount facility in January, the central bank said the bulk or 51.06 percent went to import loans, while 5.
The Bangko Sentral ng Pilipinas' (BSP) peso rediscount facility is a standing credit facility that allow banks to liquefy their position by refinancing loans and using eligible papers of its end-user borrowers as collaterals.
The Peso rediscount rates for RW I and RW II are effective starting 15 September 2014 up to the next policy rates revision and are based on the applicable BSP one-month repurchase rate and overnight reverse repurchase rate, respectively, plus term premia for longer maturities per Circular No.
According to the BSP, thebulk or 74.90 percent of the total rediscount loans in 2018 were classified as other credits, while the remaining 25.08 percent and 0.02 percent were commercial credits and production credits, respectively.
The central bank said it has released P10.61 billion worth of funds to banks under its peso rediscount facility as of end-July, way more than the P27 million it released in the same period last year.
Under the Peso Rediscount Facility, total availments amounted to P11 million for the period 01 January to 29 February 2016, which is 84.3 percent lower than the P70 million total availments during the same period last year.
The Bangko Sentral ng Pilipinas rediscount window reported a drop of 28.2 percent in receivables purchased by banks in the country over the period January to May 2013.
The central bank has also raised the rediscount annual interest rate to seven percent from six percent, it said.
Peso rediscount loans surge to P57 billion !-- -- Lawrence Agcaoili (The Philippine Star) - December 11, 2018 - 12:00am MANILA, Philippines Rediscount loans extended to local banks to finance the expansion needs of businesses and households hit a record P56.82 billion from January to November amid the series of interest rate hikes by the Bangko Sentral ng Pilipinas (BSP) to check rising inflation.
The BSP has also expanded the list of eligible collateral for its short-term rediscount liquidity facility to include syndicated loans, among other items, Fitch added.