TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

EXTRAORDINARY ADVANCE [1 record]

Record 1 2000-05-15

English

Subject field(s)
  • Banking
  • Loans
DEF

A loan extended to an institution that is judged to be solvent but whose liquidity has been affected by a loss of investor confidence.

OBS

Also sometimes called a "lender-of-last-resort loan". These are given for a relatively long period of time as compared to LVTS [Large Value Transfer System] advances and ACSS [Automated Clearing and Settlement System] advances.

Key term(s)
  • lender of last resort loan

French

Domaine(s)
  • Banque
  • Prêts et emprunts
DEF

Prêt consenti à une institution qui est considérée comme solvable, mais dont les liquidités sont entamées par une perte de confiance des investisseurs.

OBS

Aussi parfois appelé «prêt de dernier ressort». Les avances extraordinaires sont accordées pour une durée plus longue que ne le sont les avances STPGV [système de transfert de paiements de grande valeur] et les avances SACR [système automatisé de compensation et de règlement].

Spanish

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