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.

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References in periodicals archive ?

Table 3 illustrates one link between call loan rates and aggregate NYC bank clearinghouse deposits and reserves.

Systemic risk, missing gold flows and the panic of 1907

We argue further that the trust companies also "free rode" on the New York Clearinghouse banks in the call loan market.

The call loan market in the U.S. financial system prior to the Federal Reserve System

To put the possible increase in the seasonal pattern of interest rates during the Depression in perspective, figure 6 plots the estimated coefficients on the monthly dummy variables for the call loan renewal rate between 1919 and 1928 and between 1929 and 1933.

Seasonal accommodation and the financial crises of the Great Depression: did the Fed "furnish an elastic currency?"

The return on - New York call loans was significantly less than on the same loans made in Canada, and it was also more volatile.

The Canadian securities market, 1850-1914

The emergency currency issue in Aldrich-Vreeland would add transactions components like notes and reserves, but the other flaws like the pyramiding of reserves and the call loan market being a source of reserves were not addressed.

New York and the politics of central banks, 1781 to the Federal Reserve Act

Leaving its monetary policy unchanged, the policy board has voted to keep the bank's unsecured overnight call loan rate at a range of 0.0 percent-0.1 percent.

-Bank of Japan leaves rate unchanged

At the end of a two-day policy meeting, Bank of Japan's (BOJ) Governor Masaaki Shirakawa and his six board colleagues also voted unanimously to maintain the unsecured overnight call loan rate at a range of zero percent to 0.1 percent to support the country's economy.

Japan keeps zero-0.1 pct rate, monetary easing unchanged

First Financial Holding has US$12 million of risk exposure to the PIIGS, including US$10 million of interbank call loan in Italy.

Risk exposure of local financial industry in Europe quite low

The policy board of Japan's central bank has also voted unanimously to leave the unsecured overnight call loan rate at 0.1 percent, where it has been since December 2008.

BOJ keeps overnight Call Rate steady

The weighted average of unsecured overnight call loan rates dropped to zero for the first time in the Tokyo market Monday, money traders said.

Call rate weighted average falls to zero

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.

Japan keeps zero-0.1 pct rate, no new monetary easing

The BOJ board has voted unanimously to leave its unsecured overnight call loan rate unchanged at 0.10 percent.