Backstop

1. Borrowing facilities.

Abbreviation for backstop credit facility, an interim borrowing facility supporting a transaction, financial instrument, or other credit facility.

Also known as a backstop facility.

2. Interest rates - reference rates.

A reference rate used when a primary reference rate is unavailable.

Also known as a fallback rate.

3. Contingency planning.

Any arrangement or facility designed to serve as an alternative, in the event of the failure of a main facility or arrangement.

See also

• Backstop credit facility
• Benchmark
• Contingency plan
• €STR
• Fallback
• Reference rate