FRAND

Intellectual property - licensing - royalty rates - benchmark market rates.

FRAND is an acronym for Fair Reasonable And Non-Discriminatory.

It means that the pricing and other terms on which a user is granted access to a benchmark interest rate - or other intellectual property are appropriate and fair both to the user and the benchmark administrator or other relevant party.

See also

• Administrator
• Benchmark
• FEMR
• Financial Conduct Authority (FCA)
• FRANDT
• Intellectual property
• Licence
• Royalty