Reference rate: Difference between revisions
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*[[ARRC]] | *[[ARRC]] | ||
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*[[Fallback]] | *[[Fallback]] | ||
*[[LIBOR]] | *[[LIBOR]] | ||
Revision as of 12:01, 18 August 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.
