Reference currency and Reference period: Difference between pages
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imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Created page with "''Interest rates - quotation.'' A period of time in relation to which an amount of interest payable or receivable is ''quoted''. In wholesale markets, this period is almos...") |
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''Interest rates - quotation.'' | |||
A period of time in relation to which an amount of interest payable or receivable is ''quoted''. | |||
In wholesale markets, this period is almost always a year. | |||
:<span style="color:#4B0082">'''''Interest - counting days - conventions'''''</span> | |||
:"The day count convention determines how interest accrues over time in a variety of transactions... | |||
:In wholesale markets interest is usually expressed to accrue at a rate per annum (the reference period). | |||
:It is often due and payable at shorter intervals, usually a number of months (the interest period)." | |||
:''Day count conventions - the Treasurer's wiki.'' | |||
In retail markets, reference periods - especially for borrowing - may sometimes be shorter. | |||
However, it is generally mandatory for the provider of retail credit to quote an Annual Percentage Rate - or other appropriate comparator rate, depending on the jurisdiction - in addition to the reference rate. | |||
== See also == | == See also == | ||
* [[ | * [[Accrue]] | ||
* [[Accrued interest]] | |||
* [[Annual Percentage Rate]] (APR) | |||
* [[Credit]] | |||
* [[Day count conventions]] | |||
* [[Effective annual rate]] (EAR) | |||
* [[Interest]] | |||
* [[Interest period]] | |||
* [[Jurisdiction]] | |||
* [[Periodic interest]] | |||
* [[Periodic rate]] | |||
* [[Retail]] | |||
* [[Wholesale]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Investment]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
[[Category:Liquidity_management]] | |||
Revision as of 19:51, 7 March 2022
Interest rates - quotation.
A period of time in relation to which an amount of interest payable or receivable is quoted.
In wholesale markets, this period is almost always a year.
- Interest - counting days - conventions
- "The day count convention determines how interest accrues over time in a variety of transactions...
- In wholesale markets interest is usually expressed to accrue at a rate per annum (the reference period).
- It is often due and payable at shorter intervals, usually a number of months (the interest period)."
- Day count conventions - the Treasurer's wiki.
In retail markets, reference periods - especially for borrowing - may sometimes be shorter.
However, it is generally mandatory for the provider of retail credit to quote an Annual Percentage Rate - or other appropriate comparator rate, depending on the jurisdiction - in addition to the reference rate.
