Web Trader MT5
The Term Auction Facility was a Federal Reserve lending programme created during the 2007 to 2009 financial crisis. Instead of requiring banks to request ordinary discount-window loans individually, the Fed auctioned a fixed amount of funding for set periods. Eligible institutions submitted bids, and the loans were backed by collateral. The facility was intended to provide funding when banks were unwilling or unable to borrow normally in stressed markets. It is now a historical programme, not a standing source of current credit. The final auction took place on 8 March 2010, and all loans under the programme were repaid with interest.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Start trading with A globally leading broker
Want to start trading?
We use cookies to understand how you use our website and to give you the best possible experience. You can find out more by viewing our Cookie Policy.
