Fallback: Difference between revisions
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imported>Doug Williamson m (Link with Legacy page.) |
(Update for cessation of LIBOR.) |
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''ACT Briefing Note, Transition to risk free rate benchmarks.'' | ''ACT Briefing Note, Transition to risk free rate benchmarks.'' | ||
LIBOR ended in September 2024. | |||
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* [[Alternate Base Rate]] | * [[Alternate Base Rate]] | ||
* [[Benchmark]] | * [[Benchmark]] | ||
* [[Bloomberg Index Services Limited]] (BISL) | |||
* [[Hardwired]] | |||
* [[Legacy]] | * [[Legacy]] | ||
* [[LIBOR]] | * [[LIBOR]] | ||
* [[Reference rate]] | * [[Reference rate]] | ||
* [[Risk-free rates]] | * [[Risk-free rates]] | ||
* [[Transition]] | |||
* [[Waterfall]] | |||
* [[Waterfall methodology]] | |||
==Other resource== | |||
[ | *[https://www.bankofengland.co.uk/news/2024/october/the-end-of-libor The end of LIBOR - Press release - Bank of England - 1 October 2024] | ||
[[ | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_products_and_markets]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] |
Latest revision as of 01:18, 5 October 2024
1. Interest rates - reference rates.
A 'fallback' is a specified alternative reference interest rate, for use in the event that the originally envisaged reference rate is unavailable.
"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.
LIBOR ended in September 2024.
2.
Similar arrangements in other contexts.
See also
- Alternate Base Rate
- Benchmark
- Bloomberg Index Services Limited (BISL)
- Hardwired
- Legacy
- LIBOR
- Reference rate
- Risk-free rates
- Transition
- Waterfall
- Waterfall methodology