Catastrophe bond and MIF: Difference between pages

Revision as of 14:35, 17 May 2019

Multilateral Interchange Fee.

A fee on payment card transactions, based on the value of the transaction.

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-A high-yield bond whose full payout is dependent on a given natural disaster <u>not</u> happening.
+Multilateral Interchange Fee.
-This has the effect of providing insurance-like financial protection to the bond <u>issuer</u>.
+A fee on payment card transactions, based on the value of the transaction.
-If the particular catastrophe happens, the issuer pays less - or in the extreme case nothing at all - on the bond.
-The investor enjoys a higher yield, in exchange for accepting the catastrophe risk effectively transferred from the issuer.
-Also known as a Cat bond.
 == See also ==
-* [[Bond]]
+* [[Ad valorem]]
-* [[ILS]]
+* [[Credit]]
+* [[Credit card]]
+* [[Debit card]]
+* [[PSR]]
+===Other links===
+[https://www.treasurers.org/ACTmedia/ACT_response_PSR_CFI%2015_1_Card_Payment_Systems_0.pdf ACT's response to Payment Systems Regulator about card payment systems, July 2015]