Where do prime bank instruments trade?
A. Prime bank instruments trade exclusively in private financial markets. That’s why you’ll never see prime bank instruments listed on the New York Stock Exchange, the Nasdaq Stock Market, or other public securities, options, or futures exchanges. Because the transactions occur in confidence, subject to the strictest international bank secrecy laws, newswires and quote services do not report on the purchases or sales of prime bank instruments.
Related Questions
- rate loan is defined at 2% below Prime and very low-rate loan is defined at 4% below prime. What is the credit for a bank that makes a loan that is between 2 and 4% below prime?
- Are Prime Bank Instruments registered with the U.S. Securities and Exchange Commission?
- Where do prime bank instruments trade?