Money market

Market for short-term loans and credits

The money market provides banks and large industrial firms with a means of borrowing funds for a period of up to 12 months. This ensures the liquidity of banks and of the economy as a whole. Money-market loans have various maturities, e.g. overnight money (with a maturity of up to 24 hours), day-to-day money, one-month money, three-month money, and others.

Money-market participants include the Bundesbank, commercial banks, and large industrial companies.

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