Basis point and MiFID II: Difference between pages

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imported>Doug Williamson
(Align presentation of formula with qualification material)
 
imported>Doug Williamson
(Layout.)
 
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(bp).  
An updated Markets in Financial Instruments Directive ([[MiFID]]).


1. ''Interest rates''.


One hundredth of 1%
==See also==
* [[Regulated market]]
* [[Multilateral trading facility]]
* [[Systematic internaliser]]
* [[MiFID]]
* [[EMIR]]


= 0.01%


= 0.0001 as a decimal.  
===Other links===
[http://www.treasurers.org/node/10350: ACT responds to ESMA on MiFID implementation]


 
[[Category:Compliance_and_audit]]
2.
While bond coupons may be expressed in fractions (for example, quarters, eighths or sixteenths), yields and prices of most money market instruments, such as commercial paper or treasury bills, are quoted in basis points.
 
 
3. ''Foreign exchange rates.''
 
One hundredth of a cent, for example $0.0001, or its equivalent in other currencies.
Often, but not always, this represents a minimum price movement in the related foreign exchange rate quotation.
 
 
== See also ==
* [[Commercial paper]]
* [[Constant net asset value]]
* [[Pip]]
* [[Price value of a basis point]]

Revision as of 09:33, 11 May 2015

An updated Markets in Financial Instruments Directive (MiFID).


See also


Other links

ACT responds to ESMA on MiFID implementation