maximum bid rate

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European Central Bank DictionaryDownload this dictionary
maximum bid rate
The upper limit to the interest rate at which counterparties may submit bids in variable rate tenders. Bids at a rate above the maximum bid rate announced by the ECB are discarded.
See also:
 tender procedure    

Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.

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