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illumin Holdings Inc T.ILLM

Alternate Symbol(s):  ILLMF

illumin Holdings Inc. provides a journey advertising platform, which enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. It enables advertisers to connect intelligently with audiences across online display, video, social and mobile campaigns. Its Programmatic Marketing Platform, powered by machine learning technology, is at the core of its business, accompanied by patented solutions for analytics-led video and mobile targeting that leverages data. It enables marketers by offering near real-time reporting and analytics, bringing accountability to programmatic advertising to deliver business results and help solve the challenges that digital advertisers face. Its illumin software offers advertising automation technology that offers planning, media buying and omnichannel intelligence from a single platform.


TSX:ILLM - Post by User

Post by Torontojayon Mar 12, 2023 11:44pm
183 Views
Post# 35333987

Bank Term Funding Program

Bank Term Funding Program

1) Shareholders and unsecured debt holders are not protected from the Bank Term Funding Program. Depositors will receive their money. 

2) Banks can swap their high quality bonds/assets to the Fed in exchange for cash to provide additional liquidity to depositors that have to access their cash.  In other words, rather than liquidate a long duration asset, you can swap your high quality bonds, I.e , treasuries, and the Fed will accept the duration risk. What's the catch? Well, the bank has to pay the Fed at the market implied Fed funds rate 1 year from now. This is a 1 year overnight index swap. 


You are giving the Fed high quality collateral and they are giving you the cash. The Fed accepts the duration risk for just 10 basis points above the market implied Federal funds rate 1 year from now. This is basically the discount window rate that the Fed charges banks as they are always the lender of last resort.

This is a great deal for Silicon Valley Bank!


 



 

 

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