Reduced rate for financing against securities

October 10, 2008 / Banking

On Wednesday, 8 October 2008, the Federal Open Market Committee of the Federal Reserve System (USA) decided to cut the federal funds rate by 0.5% to the level of 1.5%, while the European Central Bank reduced the interest rate in the eurozone by 0.5% to the level of 3.75%.

In view of the above-mentioned as of 9 October 2008 the brokerage company “AB.LV Capital Markets” for its customers reduces the rate for financing against securities in US Dollars and EUR by 0.5%.

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

  • Vadims Burcevs, Head of Sales and Customer Service Support Department, tel. + 371 67 00 27 72;
  • Armens Mirzojans, Investment Specialist of Sales and Customer Service Support Department, tel. +371 67 00 27 87;
  • Viola Kalniņa, Customer Manager of Sales and Customer Service Support Department, tel. + 371 67 00 27 78.