Rate fixing: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages.) |
imported>Doug Williamson (Add third definition. Source: linked pages.) |
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The term may also be used for the calculation and publication of a market reference rate by a legitimate authority. | The term may also be used for the calculation and publication of a market reference rate by a legitimate authority. | ||
3. | |||
The legitimate establishment of a rate to be used in a contract, under the terms of the contract, often by reference to a market benchmark rate. | |||
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== See also == | == See also == | ||
* [[Antitrust law]] | * [[Antitrust law]] | ||
* [[Benchmark]] | |||
* [[Cartel]] | * [[Cartel]] | ||
* [[Fixing]] | * [[Fixing]] | ||
Revision as of 21:13, 27 August 2019
1.
Rate fixing is collusion to manipulate a market rate for the advantage of those participating in the collusion, usually harming other market participants.
This is illegal in almost all jurisdictions and markets.
Examples include the illegal fixing of LIBOR rates, and the WMR scandal relating to foreign exchange rates.
2.
The term may also be used for the calculation and publication of a market reference rate by a legitimate authority.
3.
The legitimate establishment of a rate to be used in a contract, under the terms of the contract, often by reference to a market benchmark rate.
