// definition
BTF
French Treasury bill
freshreviewed 1 day ago
Short definition
Negotiable French Treasury bill issued with a maturity of less than one year and fixed-rate interest deducted upfront. BTFs help manage the State’s cash-flow timing.
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Intuition
A short maturity helps manage cash balances but brings the next principal repayment closer.
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Primary sources
- Agence France Trésor, productsBTFs are issued for less than one year to manage cash balances.