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Principles of Daily Operation

In: The Discount Houses in London

Author

Listed:
  • G. A. Fletcher

    (University of Liverpool)

Abstract

Individual chapters below are devoted to the sources of discount houses’ borrowed funds and to their major assets, both traditional and new. The business of the present chapter is to outline concisely the principles which governed discount house operations and to provide a framework into which the detailed analysis of the later chapters can be fitted. The framework utilised is the houses’ daily routine of buying and selling bills, bonds and certificates of deposit and of borrowing and repaying the funds necessary to finance them, culminating in the all-important ‘daily balance’ or squaring of books at 3 p.m.

Suggested Citation

  • G. A. Fletcher, 1976. "Principles of Daily Operation," Palgrave Macmillan Books, in: The Discount Houses in London, chapter 6, pages 85-90, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01974-8_6
    DOI: 10.1007/978-1-349-01974-8_6
    as

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