What Is Discount House In the world of finance a discount house is a financial company that is engaged in discounting trading and negotiating bills of exchange or promissory notes They act as money lenders or as intermediaries between commercial borrowers and lenders
Discount house is known for short term security trading What the discount house does is to act as an intermediary while trading on short term securities The activities of the discount house have indeed add some steam to the economy of Nigeria In essence a discount house purchases bills such as Treasury bills before their maturity date at a price lower than their par or face value and sells them at par upon maturity profiting from the difference
What Is Discount House
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What Is Discount House
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Discount Houses are financial institutions established to act as financial intemediaries between the Central Bank of Nigeria Licensed Banks and other financial institutions A discount house also known as a bill broker buys money market instruments at a discount and holds or sells them as an investment tool These can include commercial paper bills of exchange treasury bills and other short term debt instruments
A discount house is a financial institution that specializes in buying and selling short term financial instruments such as government securities and bills of exchange at a discount to their face value In the United States a discount house refers to a large retail store offering consumer durables at discounted prices Despite their decline the legacy of discount houses in shaping financial markets persists influencing modern banking practices
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A discount house is a financial institution that acts as an intermediary between the Central Bank and the licensed banks in open market operation transactions and other eligible securities Definition of discount house UK Firm that buys and discounts bills of exchange banker acceptance commercial paper etc Discount houses also tender for treasury bills deal in short dated government bonds and are an
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In the world of finance a discount house is a financial company that is engaged in discounting trading and negotiating bills of exchange or promissory notes They act as money lenders or as intermediaries between commercial borrowers and lenders
https://infoguidenigeria.com/functions-of-discount-houses-in-nigeria
Discount house is known for short term security trading What the discount house does is to act as an intermediary while trading on short term securities The activities of the discount house have indeed add some steam to the economy of Nigeria
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