| 词条 | Rediscount |
| 释义 |
}} Rediscount can refer to either of two concepts in finance: discounting a debt instrument for a second time or a method of providing financing to a bank. Discounting a second timeRediscount is the act of discounting a short-term negotiable debt instrument for a second time. Banks may rediscount these short-term debt securities to assist the movement of a market that has a high demand for loans. When there is low liquidity in the market, banks can generate cash by rediscounting short-term securities.[1] Rediscount lines can also be subsidized and this is usually attributed to the following reasons:
Financing for a bankRediscount is a way of providing financing to a bank or other financial institution. Especially in the 19th century and early 20th century banks made loans to their customers by "discounting" the customer's note. The note is a paper document, in a specified form, where the borrower promises to repay a certain amount at a specified date. Let's say the customer wants to borrow $1000. The bank may ask him to sign a note promising to repay $1100 in one year. The bank is "discounting" the note by paying less than the $1100 face amount. The extra $100 is of course the bank's compensation for paying before the note matures. The Federal Reserve System could provide financing by "rediscounting" this note. Maybe the Fed would give the bank $1050 for the note. Rediscounting was once the primary means by which banks obtain loans from the Federal Reserve bank but, at present, most banks turn to this process by discounting their own notes, which - in turn - are secured by the government securities or other eligible paper.[3] Central bank rediscount procedures can affect demand for public instruments because the case of rediscounting government paper lowers the cost of public debt service on account of the fact that investors - in this condition - are more willing to accept lower level yield.[4] A central bank's rediscount to commercial banks can be classified into the following:
References1. ^{{cite web|title=Rediscount Definition|url=http://www.investopedia.com/terms/r/rediscount.asp|publisher=Investopedia}} {{business-term-stub}}2. ^{{Cite book|title=Agricultural Development Policy: Concepts and Experiences|last=Norton|first=Roger|publisher=John wiley & Sons, Ltd.|year=2004|isbn=0470857781|location=Hoboken, NJ|pages=327}} 3. ^{{Cite book|title=Dictionary of Finance and Investment Terms|last=Downes|first=John|last2=Goodman|first2=Jordan|publisher=Barron's Educational Series|year=2010|isbn=9780764143045|location=New York|pages=588}} 4. ^{{Cite book|title=European Union Accession: The Challenges for Public Liability Management in Central Europe|last=World bank|first=|publisher=The International Bank for Reconstruction and Development/The World Bank|year=1999|isbn=0821343521|location=Washington, D.C.|pages=65}} 5. ^{{Cite book|title=Financial Theory: Perspectives From China|last=Xingyun|first=Peng|publisher=World Century Publishing Corporation|year=2015|isbn=9781938134319|location=Hackensack, NJ|pages=510}} 1 : Corporate finance |
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