Fallback: Difference between revisions
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* [[Alternate Base Rate]] | * [[Alternate Base Rate]] | ||
* [[Benchmark]] | * [[Benchmark]] | ||
* [[Bloomberg Index Services Limited]] (BISL) | |||
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* [[Legacy]] | |||
* [[LIBOR]] | * [[LIBOR]] | ||
* [[Reference rate]] | * [[Reference rate]] | ||
* [[Risk-free rates]] | * [[Risk-free rates]] | ||
* [[Transition]] | |||
* [[Waterfall]] | |||
* [[Waterfall methodology]] | |||
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[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Latest revision as of 14:53, 27 September 2023
1. Interest rates - reference rates.
A 'fallback' is a specified alternative reference interest rate, for use in the event that the originally envisaged reference rate is unavailable.
"Whilst fallbacks are contained in existing documentation should a reference rate become (temporarily) unavailable, these were not drafted as a long-term solution [to the permanent retirement of LIBOR]."
ACT Briefing Note, Transition to risk free rate benchmarks.
2.
Similar arrangements in other contexts.
