imported>Doug Williamson |
imported>Doug Williamson |
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| ''Interest rates - quotation.''
| | The risk of unfavourable changes in prevailing market returns at the time when maturing funds become available for reinvestment. |
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| A period of time in relation to which an amount of interest payable or receivable is ''quoted''.
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| In wholesale markets, this period is almost always a year.
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| :<span style="color:#4B0082">'''''Interest - counting days - conventions'''''</span>
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| :"The day count convention determines how interest accrues over time in a variety of transactions...
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| :In wholesale markets interest is usually expressed to accrue at a rate per annum (the reference period).
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| :It is often due and payable at shorter intervals, usually a number of months (the interest period)."
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| :''Day count conventions - the Treasurer's wiki.''
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| In retail markets, reference periods - especially for borrowing - may sometimes be shorter.
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| 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.
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| == See also == | | == See also == |
| * [[Accrue]] | | * [[Zero coupon]] |
| * [[Accrued interest]] | | * [[Zero coupon bond]] |
| * [[Annual percentage rate]] (APR)
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| * [[Credit]]
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| * [[Day count conventions]]
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| * [[Effective annual rate]] (EAR)
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| * [[Interest]]
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| * [[Interest period]]
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| * [[Jurisdiction]]
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| * [[Periodic interest]]
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| * [[Periodic rate]]
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| * [[Retail]]
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| * [[Wholesale]]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Financial_risk_management]] |
| [[Category:The_business_context]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]]
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| [[Category:Cash_management]]
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| [[Category:Financial_products_and_markets]]
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| [[Category:Liquidity_management]]
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