Fallback and Peg: Difference between pages

Revision as of 10:06, 30 July 2024

1. Noun.

An exchange rate system in which exchange rates are either fixed, or managed within a range on either side of a target exchange rate.

2. Verb.

To establish a fixed conversion rate for an asset, into a more widely accepted asset.

@@ Line 1: / Line 1: @@
-. ''Interest rates - reference rates''.
+.  ''Noun.''
-A 'fallback' is a specified alternative reference interest rate, for use in the event that the originally envisaged reference rate is unavailable.
+An exchange rate system in which exchange rates are either fixed, or managed within a range on either side of a target exchange rate.
-"Whilst fallbacks are contained in existing documentation should a reference rate become (temporarily) unavailable, these were not drafted as a long-term solution [to the permanent retirement of LIBOR]."
-''ACT Briefing Note, Transition to risk free rate benchmarks.''
+.  ''Verb.''
+To establish a fixed conversion rate for an asset, into a more widely accepted asset.
-.
-Similar arrangements in other contexts.
 == See also ==
-* [[Alternate Base Rate]]
+* [[Acceptance]]
-* [[Benchmark]]
+* [[Exchange rate]]
-* [[Bloomberg Index Services Limited]]  (BISL)
+* [[Crawling peg system]]
-* [[Hardwired]]
+* [[Managed float]]
-* [[Legacy]]
+* [[PayPal USD]]
-* [[LIBOR]]
+* [[Stablecoin]]
-* [[Reference rate]]
-* [[Risk-free rates]]
-* [[Transition]]
-* [[Waterfall]]
-* [[Waterfall methodology]]
-[[Category:Accounting,_tax_and_regulation]]
+[[Category:Manage_risks]]
-[[Category:Financial_products_and_markets]]