Reduced rate for financing against securities

December 17, 2008 / Banking

On Tuesday, 16 December 2008, the Federal Open Market Committee of the Federal Reserve System (USA) decided to cut the federal funds rate by 0.75%-1% to a range of 0% to 0.25%.

In view of the above-mentioned as of 17 December 2008 the brokerage company “AB.LV Capital Markets” for its customers reduces the rate for financing against securities in US Dollars by 0.75%.

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.