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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (29786)11/22/1999 6:28:00 AM
From: Condor  Read Replies (1) | Respond to of 50167
 
Market Direction: FWIW
Message 12034748
Regards
C



To: IQBAL LATIF who wrote (29786)11/23/1999 6:07:00 AM
From: N  Read Replies (1) | Respond to of 50167
 
Hi, Iqbal...liquidity options from the fed, very interesting

ft.com

"...The options, which are legitimate for five days and encompass three five-day periods starting December 23, December 30 and January 6, give the holder the right to access cash from the Fed at a "strike" price of 150 basis points over the Fed funds rate..."

This should make the world safer for democracy <g>.

Best to you and your family,
Nancy