"The biggest problem, though, is Bloomberg???s claim that ???the discount applies to all their liabilities, including bonds and customer deposits.??? I can???t find any support for that in Ueda and di Mauro???s paper, which in fact says the exact opposite: that the 80bps uplift applies in the case of ???issuing a five-year bond.??? And Bloomberg???s unsupported interpretation is counterintuitive." . . . . .