Round tripping: Difference between revisions
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1. | |||
An opportunity to undertake arbitrage which arises when a bank's customer can draw from overdraft facilities and deposit the proceeds in the money markets at rates which exceed the cost of the overdraft. | |||
2. | |||
More generally, a series of transactions containing a self-cancelling or circular element, usually undertaken to make an arbitrage gain or to enjoy some other advantage. | |||
Revision as of 15:45, 11 May 2016
1.
An opportunity to undertake arbitrage which arises when a bank's customer can draw from overdraft facilities and deposit the proceeds in the money markets at rates which exceed the cost of the overdraft.
2.
More generally, a series of transactions containing a self-cancelling or circular element, usually undertaken to make an arbitrage gain or to enjoy some other advantage.
