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The Traditional Markets
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acceptance credits affiliates American banks amount arbitrage Authorities Bank of England Bank rate British banks brokers business firms cash CD rates CDs issued cent Certificates of Deposits changes Chapter clearing banks clients credit squeeze currencies customers dealers dealing demand deposit market deposit rates depositors differentials discount houses discount market effect Euro Euro-currencies Euro-dollar deposits Euro-dollar market Euro-dollar rates Euro-sterling expansion extent finance house deposits foreign exchange foreign exchange market forward-forward higher hire-purchase important increase influences inter-bank deposits inter-bank market inter-bank sterling deposits inter-bank sterling market inter-corporation deposit interest rates issuing banks late sixties lender lending liable limits loans London banks London dollar CDs market in London maturities medium-term credits million non-clearing banks non-residents operations overnight parallel markets parallel money markets re-lend result secondary market securities short-term sterling CDs surpluses traditional market transactions Treasury bills trend turnover U.K. residents volume of credit yield curve