Reduced rate for financing against securities (11.12.2007)

December 4, 2007 / Banking

On Tuesday, December 11, the Federal Open Market Committee of theFederal Reserve System (USA) decided to reduce the federal funds rate by 0.25% to the level of 4.25%.

In view of the above-mentioned as of 12.12.2007 the brokerage company “AB.LV Capital Markets” for its customers reduces the rate for financing against securities in US Dollars by 0.25%.

Further information about this event and offered services can be obtained from specialists of AB.LV Capital Markets:

  • Vadims Burcevs, Head of Sales and Customer Servicing Department, tel. + 371  67 00 27 72;
  • Andrejs Janisovs, Deputy Head of Sales and Customer Servicing Department, tel. + 371 67 00 27 84;
  • Aleksandra Savlova, Customer Servicing Manager of Sales and Customer Servicing Department, tel. + 371 67 00 27 78.