Reference rate: Difference between revisions
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*[[LIBOR]] | *[[LIBOR]] | ||
Revision as of 11:59, 3 April 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.
