Benchmark: Difference between revisions
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''The Financial Stability Board (FSB) recommended in 2014 that stakeholders should identify risk-free rates that might be used as alternatives to LIBOR.'' | ''The Financial Stability Board (FSB) recommended in 2014 that stakeholders should identify risk-free rates that might be used as alternatives to LIBOR.'' | ||
5. | |||
A market price for a widely traded quality and quantity of a commodity, used as a reference price in a contract. | |||
For example, the price per barrel of Brent crude oil. | |||
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[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]] | [[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]] | ||
[[Category:The_business_context]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Revision as of 21:18, 27 August 2019
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.
5.
A market price for a widely traded quality and quantity of a commodity, used as a reference price in a contract.
For example, the price per barrel of Brent crude oil.
See also
- Alternate Base Rate
- Baseline
- Base rate
- Benchmarking
- Benchmarks Regulation
- Effective annual rate
- €STR
- EURIBOR
- European Money Markets Institute
- Fallback
- Financial Stability Board
- Good practice
- LIBOR
- Risk-free rates
- Spread to Treasury/ Governments
- Stakeholder
Other links
A World without Libor - FCA speech - July 2018
The future of LIBOR: what you need to know, ACT & LMA, March 2018
