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Old 08-05-2011, 08:53 PM   #494
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US Trade Representative (H1)<br />An office set up in 1963 as part of the Executive Office of the US President to direct trade negotiations and formulate trade policy. It now operates under the authority of the Omnibus Trade and Competitiveness Act 1988.<br /> US Treasury bond market (G1)<br />US bond market consisting until 1986 of only thirty-five PRIMARY DEALERS. Its daily dealings of $100 billion or more make it one of the most influential financial markets in the world, as do the prices it sets of US Treasury bonds which influence the cost of capital throughout the world be- cause of the importance of the dollar. Entry to the market is difficult. As a dealer must have 0.75 per cent of daily turnover, excluding trades among dealers, to qualify, entry means either attracting business away from existing dealers or purchasing an existing dealer, as some UK and other banks are now attempting. The margins have to be very small, sometimes as low as 1164 of a point, to be competitive.
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<strong>MODEL</strong> – Missouri Direct for Educational Loans, the MDHE' s system used to guarantee and track FFEL Program loans and borrowers.

<strong>Loan sale</strong> – The change in ownership of a loan from one eligible FFEL Program lender to another lender or holder.
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Cash Management Bill (E5, G1)<br />US treasury bill with very short maturity that is sold occasionally by the US Treasury to boost the Treasury's cash balance.
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