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.

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.
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.
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.
12, when it lowered its target rate on unsecured overnight call money -- the main tool for steering central bank policy -- to 0.
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.
12 to steer the current policy tool, the target rate on unsecured overnight call money, down to 0.
The bank injected 600 billion yen in the morning, but withdrew 300 billion yen in the afternoon in response to falls in overnight call money lending rates after the morning injection.
The BOJ's traditional policy of steering interest rates has only a limited effect on the economy, Nakahara said, adding expanding the monetary base is necessary on top of guiding lower the unsecured overnight call money rate.
8 trillion yen from the money market in view of a temporary excess of funds as unsecured overnight call money rates applied to interbank borrowing slipped below the BOJ's official target of around 0.
02% paid to call money dealers, the rate created a possibility of falling into the minus column, making itself an ineffective policy tool for the BOJ.