What's essential about the Primary Dealer Credit Facility is that they're opening up the discount window of lending beyond the member bank to primary dealers.

一级交易商信贷工具中,最本质的东西是,他们将会员银行的贴现窗口,向一级交易商打开了。

耶鲁公开课 - 金融市场课程节选

They wanted to eliminate the stigma it used to be embarrassing to borrow at the discount window because the discount rate would because it would be an admission that the bank is in trouble.

他们希望消除这种瑕疵,过去在贴现窗口借钱,常常被认为是尴尬的事,因为贴现率将,因为这将是处于困境的银行的,进入权。

耶鲁公开课 - 金融市场课程节选

The bank will discount it.

银行会为你计算贴现

耶鲁公开课 - 金融市场课程节选

So Boston money was probably pretty good because of the Suffolk System but if you tried spending New York money in New Haven Band Note Reporter they would get out the Bank Note Reporter and put a discount on it.

所以，尽管由于Suffolk系统使,波士顿货币很值钱,但是如果你试图,在纽黑文花纽约纸币,他们将拿出,并且折换纸币的价值。

耶鲁公开课 - 金融市场课程节选