single rate auction (Dutch auction)

What is single rate auction (Dutch auction)?

single rate auction (Dutch auction) definition and meaning on Finance terms:
An auction in which the allotment interest rate (or price/swap point) applied for all satisfied bids is equal to the marginal interest rate. See also
variable rate tender<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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