M and Outright Monetary Transactions: Difference between pages

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imported>Kmacharla
 
imported>Doug Williamson
m (Standardise header, minor rewording for clarity and categorise page.)
 
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1. '' Credit rating. ''
(OMT).
A suffix added to a credit rating to indicate that it applies to a money market fund (rather than to any other type of entity).


So for example "AAAm" would indicate a rating of AAA in relation to a money market fund.
Part of the [[open market operations]] of a central bank in which the central bank buys or sells securities outright - i.e. without the re-sale or re-purchase legs of [[reverse repurchase agreement]]s or [[repurchase agreement]]s.


2.
This was a new tool for the European Central Bank in 2012 - and controversial, especially in Germany - though its use by other banks has not been so dogged by controversy.
One million (1,000,000).


For example EUR 100m = EUR 100,000,000.
[[Category:Risk_frameworks]]
 
Sometimes written "M".
 
==See also==
* [[AAA]]
* [[Billion]]
* [[bn]]
* [[k]]
* [[mf]]
* [[Money market fund]]

Revision as of 19:06, 28 August 2014

(OMT).

Part of the open market operations of a central bank in which the central bank buys or sells securities outright - i.e. without the re-sale or re-purchase legs of reverse repurchase agreements or repurchase agreements.

This was a new tool for the European Central Bank in 2012 - and controversial, especially in Germany - though its use by other banks has not been so dogged by controversy.

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