JPY LIBOR and Nominal annual rate: Difference between pages

Revision as of 16:52, 25 October 2015

The rate of return per annum named or quoted in a market, under the quoting convention for the given market.

Market quotations are usually given per annum, and for this reason the term nominal rate is often used interchangeably with nominal annual rate.

Example

GBP overnight interest payable at the periodic rate of 0.014% per day, would conventionally be quoted on a nominal annual basis as:

= 365 x 0.014%

= 5.11%.

Not to be confused with the effective annual rate.

Sometimes also known as market rate or nominal rate.

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-''LIBOR''.
+The rate of return ''per annum'' named or quoted in a market, under the quoting convention for the given market.
-JPY LIBOR provides an indication of the average rate at which contributory panel banks in London could obtain wholesale, unsecured funding for a given period, denominated in JPY.
+Market quotations are usually given per annum, and for this reason the term ''nominal rate'' is often used interchangeably with nominal annual rate.
-Not to be confused with TIBOR.
+'''Example'''
+GBP overnight interest payable at the periodic rate of 0.014% per day, would conventionally be quoted on a nominal annual basis as:
+= 365 x 0.014%
+= 5.11%.
+Not to be confused with the effective annual rate.
+''Sometimes also known as market rate or nominal rate.''
 == See also ==
+* [[Continuously compounded rate of return]]
+* [[Daily rate]]
+* [[Effective annual rate]]
+* [[Money market]]
+* [[Nominal]]
+* [[Periodic discount rate]]
+* [[Periodic rate of interest]]
+* [[Periodic yield]]
+* [[Quarterly rate]]
+* [[Semi-annual rate]]
-* [[Japan]]
+[[Category:Manage_risks]]
-* [[JPY]]
-* [[LIBOR]]
-* [[TIBOR]]
-[[Category:Financial_products_and_markets]]