ICE Swap Rate and Taxable income: Difference between pages

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imported>Doug Williamson
(Create the page. Source: HMRC webpage https://www.gov.uk/income-tax/overview)
 
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''Reference rates''.
1. ''UK Income Tax.''


(ISR).
Taxable income is the amount of a taxpayer's net income which is subject to Income Tax, after deducting personal allowances.


ICE Swap Rate, formerly known as ISDAFIX, is a global benchmark for swap rates and spreads for interest rate swaps.


It represents the mid-price for interest rate swaps (the fixed leg), at particular times of the day, in three major currencies (EUR, GBP and USD) and in tenors ranging from 1 year to 30 years.  
2.


 
More generally, an amount of corporate or personal income which is subject to taxation.
ICE Swap Rate is used as the exercise value for cash-settled swaptions, for close-out payments on early terminations of interest rate swaps, for some floating rate bonds and for valuing portfolios of interest rate swaps.
 
ICE Swap Rate is the first global benchmark to transition from a submission-based rate (using inputs from a panel of banks) to a rate based on tradeable quotes sourced from regulated electronic trading venues – requiring no subjective or expert judgement.  




==See also==
==See also==
*[[Benchmark]]
* [[Chargeable gain]]
*[[Close out]]
* [[Corporation Tax]]
*[[Exercise price]]
* [[Income Tax]]
*[[Fixed leg]]
* [[Loan relationship income]]
*[[Floating rate note]] = floating rate bond
* [[Net income]]
*[[ICE]]
* [[Personal allowance]]
*[[Interest rate swap]]
* [[Taxable profits]]
*[[Mid market price]]
* [[Taxable trading profits]]
*[[Portfolio]]
*[[Reference rate]]
*[[Spread]]
*[[Swap rate]]
*[[Swaption]]
*[[Tenor]]
 
[[Category:The_business_context]]

Revision as of 11:14, 31 August 2016

1. UK Income Tax.

Taxable income is the amount of a taxpayer's net income which is subject to Income Tax, after deducting personal allowances.


2.

More generally, an amount of corporate or personal income which is subject to taxation.


See also