Reference rate: Difference between revisions
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A widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or | A reference rate is a widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or SONIA - by reference to which a rate of interest is calculated. | ||
For example, in the rate | For example, in the rate ‘SONIA plus 50 basis points’, SONIA is the reference rate. | ||
==See also== | ==See also== | ||
*[[Adjustable-rate mortgage]] | |||
*[[ARRC]] | |||
*[[Base rate]] | |||
*[[Benchmark]] | |||
*[[€STR]] | |||
*[[Fallback]] | |||
*[[LIBOR]] | *[[LIBOR]] | ||
*[[Loan agreement]] | *[[Loan agreement]] | ||
*[[OBFR]] | |||
*[[Official Bank Rate]] | |||
*[[SOFR]] | |||
*[[SONIA]] | |||
*[[Zero rate provision]] | *[[Zero rate provision]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 19:15, 22 June 2024
A reference rate is a widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or SONIA - by reference to which a rate of interest is calculated.
For example, in the rate ‘SONIA plus 50 basis points’, SONIA is the reference rate.
