Difference between revisions of "Fallback"

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* [[Alternate Base Rate]]
 
* [[Alternate Base Rate]]
 
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* [[Benchmark]]
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* [[Legacy]]
 
* [[LIBOR]]
 
* [[LIBOR]]
 
* [[Reference rate]]
 
* [[Reference rate]]

Latest revision as of 21:54, 17 February 2019

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.


See also


Other links

A World without Libor - FCA speech - July 2018

The future of LIBOR: what you need to know, ACT & LMA, March 2018

2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May