Reference rate: Difference between revisions
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imported>Doug Williamson (Expand first sentence.) |
imported>Doug Williamson m (Classify page.) |
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Revision as of 19:48, 17 February 2019
A reference rate is a widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or LIBOR - by reference to which a rate of interest is calculated.
For example, in the rate ‘LIBOR plus 50 basis points’, LIBOR is the reference rate.
