Benchmark: Difference between revisions
imported>Doug Williamson (Expand for transition from LIBOR to alternative risk-free rates.) |
imported>Doug Williamson (Link with Slaughter and May's guidance note.) |
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* [[Spread to Treasury/ Governments]] | * [[Spread to Treasury/ Governments]] | ||
* [[Stakeholder]] | * [[Stakeholder]] | ||
===Other links=== | |||
[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 11:01, 4 February 2018
1.
A measure stated on a standardised basis, to enable comparison.
For example, an effective annual rate.
2.
A quantified standard of performance set by the market (such as stock market index) or by an institutional investor (such as an internally developed benchmark) against which investment performance, or other performance, can be managed and tracked.
3.
A standard of performance including less readily quantified measures, such as satisfaction.
4.
An officially published rate of interest, from which a rate of interest payable or receivable is calculated.
Historically, for example, LIBOR.
A related rate of interest payable might be LIBOR + 1%.
The Financial Stability Board (FSB) recommended in 2014 that stakeholders should identify risk-free rates that might be used as alternatives to LIBOR.
See also
- Alternate Base Rate
- Baseline
- Base rate
- Benchmarking
- Benchmarks Regulation
- Best practice
- Effective annual rate
- EURIBOR
- European Money Markets Institute
- Financial Stability Board
- LIBOR
- Risk-free rates
- Spread to Treasury/ Governments
- Stakeholder
