What are World Bank “discount notes”?
World Bank discount notes are debt instruments denominated in USD with maturities from one day to 360 days that are offered under its Discount Note Program. The World Bank offers Discount Notes through a group of dealers on a continuous basis in the Eurodollar and in the US domestic market. The Federal Reserve Bank of New York acts as Fiscal Agent with respect to discount notes issued by the World Bank. Information as to the maturities and rates at which the discount notes are available, can be obtained from the dealers (please see the Supplemental Information Memorandum for a list of the dealers).
