The phrase
"bid rate" refers to the highest amount of money someone is willing to pay for something, like a product or service, in an auction or negotiation.
Full definition
Minimum bid of 100 basis points - A
minimum bid rate of 100 basis points will be imposed to limit borrowing to securities trading on special.
For positive Net Free Equity interest will be the higher of
market bid rates minus a mark - up and zero.
The
lowest bid rate which all shares can be sold at par determines the interest rate.
Because the lending fee is equivalent to the spread between the general collateral rate and the specials rate, a 100 basis point minimum
bid rate removes the economic incentive to bid for securities trading near general collateral rates.
Just searching the term in question and inspecting the ads that come up, as well as viewing the
CPC bidding rates is useful.
The Central Bank of Nigeria (CBN) on Wednesday, sold a total of $ 150 million to authorized FOREX dealers in the interbank at the
highest bid rate of N335 / $ 1 and a marginal rate of N320 / $ 1.
During the minimum
bid rate decision stay on the sideline since it creates a high level of market volatility.
In addition, the Board announces that it has raised the minimum
bid rate for the Term Auction Facility (TAF) by 1/4 percentage point to 1/2 percent.
The ECB's Marginal Lending Facility currently charges a 5.00 % rate, also 1.00 % above the ECB policy rate, the Main Refinancing Operations
Minimum Bid Rate, which stands at 4.00 %.
EUR: German Factory Orders, Retail PMI, French 10 Year Bond Auction, Minimum
Bid Rate and ECB Press Conference.
The difference between the ask and
bid rates is the spread, and tight spreads make all the difference to successful trading strategies.
You think maybe there is a reason why the bidders would
bid the rate down to 2 - 4 % on some properties, and pass up 18 % on these properties?
If
the bid rate is 1 %, and redeemed after 4 years, you get 5 % TOTAL interest, not 5 % year 1, and 1 % years 2 - 4.