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Spitzenrefinanzierung

English translation: marginal lending facility

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Spitzenrefinanzierungsfazilität
English translation:marginal lending facility
Entered by: Natalie Wilcock (X)

09:40 Feb 10, 2003
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: Spitzenrefinanzierung
Just wanted to check whether my customer's rendering of the German Spitenrefinanzierung in English really hits the mark as they call it

'credit facilities with Bundesbank'. Any better or more appropriate term for this? Thanks in advance.
Natalie Wilcock (X)
Local time: 06:53
marginal lending facility
Explanation:
With the implementation of the ECB, national central banks within the Eurozone have largely surrendered their role as a provider of money-market liquidity - "credit facilities with Bundesbank" were never quite correct (it would have been "Lombard facilities"), but now it's plainly wrong. Check the ECB web site (see URL below).
Selected response from:

Ralf Lemster
Germany
Local time: 06:53
Grading comment
Wow, that took all of five seconds, thanks very much to all.

4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2marginal lending facility
Ralf Lemster
4marginal lending facility
Jalapeno


  

Answers


6 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
marginal lending facility


Explanation:
With the implementation of the ECB, national central banks within the Eurozone have largely surrendered their role as a provider of money-market liquidity - "credit facilities with Bundesbank" were never quite correct (it would have been "Lombard facilities"), but now it's plainly wrong. Check the ECB web site (see URL below).


    Reference: http://www.ecb.int
Ralf Lemster
Germany
Local time: 06:53
Specializes in field
Native speaker of: German
PRO pts in category: 475
Grading comment
Wow, that took all of five seconds, thanks very much to all.

Peer comments on this answer (and responses from the answerer)
agree  Jalapeno: As you can see, I agree. Now that's what I call timing. ;-)
2 mins
  -> Thanks!
agree  vafo
12 hrs
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6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
marginal lending facility


Explanation:
At least that's what I was told by my professor last week.


    Reference: http://www.ecb.int/target/bt/tabt08_5.htm
Jalapeno
Local time: 06:53
Native speaker of: Native in GermanGerman
PRO pts in category: 8
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