So, that leaves me at a 1 % cut in Fed funds tomorrow, with a parallel cut in the now -
meaningful discount rate.
Not exact matches
The US Postal Service delivers periodicals at a
discount rate, and the Federal Communication Commission's television station licensing requirements include a vague but
meaningful «public interest» standard that is generally held to require both the production of local newscasts and the airing of major national news events.
Unfortunately, its homeowners insurance policies are stifled by high
rates and a lack of
meaningful discounts.
The combination of the 100bps extra cost of the
discount window over the policy
rate and the haircut would be a sufficient incentive not to abuse the
discount window if there were a
meaningful market price at which the securities offered as collateral could be valued.
If TLI (and / or the market) adopts a significantly lower
discount rate in due course, we may see the share price trade at a significant premium, and / or a
meaningful acceleration in NAV.