MG and Stepped interest: Difference between pages

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imported>Doug Williamson
(Create page. Sources: linked pages and The Treasurer online November 2017 https://www.treasurers.org/node/341963)
 
imported>Doug Williamson
(Replace 'Stepped' page with this new page, so as to deal separately with Stepped margin.)
 
Line 1: Line 1:
''International Organization of Securities Commissions (IOSCO)''.
Calculation of tiered interest at higher rates on larger balances, where the interest is calculated in increments on the balance that falls within that step only.
 
This is less favourable for the customer receiving credit interest, compared with a banded basis.


The MG is the Monitoring Group of IOSCO.




== See also ==
== See also ==
* [[Financial Stability Board]]
*[[Banded]]
* [[International Organisation of Securities Commissions]]
*[[Tiered]]
* [[PIOB]]
*[[Stepped margin]]

Revision as of 18:12, 6 April 2015

Calculation of tiered interest at higher rates on larger balances, where the interest is calculated in increments on the balance that falls within that step only.

This is less favourable for the customer receiving credit interest, compared with a banded basis.


See also