BitMEX Blog

The Discount WindowThe Fed and most other central banks operate a facility known as the discount window. By and large, the discount window, for now, only accepts US Treasuries (UST) and mortgage-backed securities (MBS). Rather than declaring bankruptcy, the dogshit insolvent bank can tap the discount window. However, under the current collateral terms, the discount window is not as attractive as the recently expired BTFP. But the discount window only gives $80 for a UST worth $80.