Alternative reference rate: Difference between revisions
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An alternative reference rate is an interest rate designed to replace a prevailing interest rate benchmark. | An alternative reference rate is an interest rate designed to replace a prevailing interest rate benchmark. | ||
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* [[SOFR]] | * [[SOFR]] | ||
* [[SONIA]] | * [[SONIA]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Latest revision as of 03:13, 5 October 2024
Interest rates - reference rates - benchmarks.
(ARR).
Reference rates are benchmark interest rates, used as a basis for calculating other interest rates between market participants.
Examples include borrowings and derivative financial instruments, such as interest rate swaps.
An alternative reference rate is an interest rate designed to replace a prevailing interest rate benchmark.
