call money

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Related to call money: term money, Call money rate, Treasury bills

Broker's Loan

A loan to a broker or brokerage by a bank. Brokers take out broker's loans usually to fund margin accounts for their clients, but also to fund underwriting purchases. Occasionally, brokerages borrow these loans to buy securities for themselves as well. Broker's loans are payable on 24 hours notice, and carry interest rates that are about one point higher than short-term rates. See also: Broker call loan.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

call money


money at call and short notice

CURRENCY (notes and coins) loaned by the COMMERCIAL BANKS to DISCOUNT HOUSES. These can be overnight (24-hour) loans or one-week loans. Call money is included as part of the commercial banks’ RESERVE ASSET RATIO.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
As for the overnight call money rate, Nobuyuki Nakahara, Teizo Taya and Kazuo Ueda were opposed to keeping the target rate around 0.25%, the minutes show.
Over the subsequent three weeks, the yen continued to depreciate, particularly after the Bank of Japan on September 8 lowered the ODR 50 basis points, to 0.50 percent, and guided the call money rate below the ODR.
The central bank's Policy Board voted unanimously to keep the target rate for unsecured overnight call money on hold.
The new rate matches the low seen in May and June of 1999, when the central bank guided the call money rate to nearly zero.
Further monetary easing measures would include a return to the zero interest rate policy, under which the target for the call money rate is driven to around zero.
The BOJ's interest rate cut would be the first since March 2001, when the bank introduced the ''quantitative easing'' policy, under which the central bank flooded the financial system with ample liquidity in order to drive the interest rate for unsecured overnight call money to near zero.
11, the BOJ decided to scrap the policy of guiding the key short-term money market rate to near zero and raise the target for unsecured overnight call money rate to around 0.25%.
-- cut its target rate for unsecured overnight call money to 0.3 percent from 0.5 percent.
12, when it lowered its target rate on unsecured overnight call money -- the main tool for steering central bank policy -- to 0.15% from 0.25%.
The central bank provided liquidity as overnight call money rates on borrowings by foreign banks were slightly higher than the BOJ's official target of around 0.5 percent in the morning.
12 to steer the current policy tool, the target rate on unsecured overnight call money, down to 0.15% from 0.25%, and gradually guide it down further, if necessary, to ward off deflationary pressure.
Overnight call money rates on borrowing by foreign banks were at the 0.6 percent level in the morning, above the BOJ's guidance target of around 0.5 percent.