Brexit and Semi-annual rate: Difference between pages

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The term 'Brexit' is a combination of '''BR'''itain and '''EXIT''', meaning the exit of the United Kingdom (UK) from the European Union (EU).
The semi-annual rate is the simple annual interest quotation for compounding twice a year.  


For example if the semi-annual rate is quoted as 10%, then the periodic interest accruing is 5% (= 10% x 6/12) per six month period.


A referendum on the issue was held in the UK on 23 June 2016.
A semi-annual rate is an example of a nominal annual rate.


The result of the referendum was to advise the UK government to begin the process of the UK leaving the EU.
Not to be confused with the ''annual effective'' rate, which in this case would be = 1.05<sup>2</sup> - 1 = 10.25%.
 
 
Depending on the context, 'Brexit' may refer to any or all of:
 
#The decision for the UK to leave the EU.
#The subsequent exit itself, originally expected to be on 29 March 2019''<sup> Note</sup>''.
#The consequences, and potential consequences, both of the decision and of the exit itself.
#Less commonly, the referendum result or the referendum date of 23 June 2016.
 
 
''Note: Possible currently specified Brexit Days now include 12 April and 22 May 2019. Brexit on a future date not yet specified is also possible.''




== See also ==
== See also ==
* [[Article 50]]
* [[Annual effective rate]]
* [[Brexit Britain]]
* [[Nominal annual rate]]
* [[Brexit Day]]
* [[Semi-annual basis]]
* [[Cliff edge]]
* [[Periodic rate of interest]]
* [[Department for Exiting the European Union]]
* [[Department for International Trade]]
* [[Equivalence]]
* [[European Economic Area]]
* [[European Free Trade Association]]
* [[European Union]]
* [[Frexit]]
* [[Great Repeal Act]]
* [[Grexit]]
* [[Hard Brexit]]
* [[Make UK]]
* [[No Brexit]]
* [[No Deal]]
* [[Parliamentary supremacy]]
* [[Schengen Area]]
* [[Sovereignty]]
* [[United Kingdom]]
 
 
=== Other links ===
[https://www.treasurers.org/brexit/resources Brexit - ACT Resources]
 
[https://www.treasurers.org/brexit Brexit: ACT Technical Guidance and Comment]


[[Category:Context_of_treasury]]
[[Category:Debt_Capital_Markets]]
[[Category:Cash_Management]]
[[Category:Interest_Rate_Risk]]

Revision as of 14:52, 19 October 2013

The semi-annual rate is the simple annual interest quotation for compounding twice a year.

For example if the semi-annual rate is quoted as 10%, then the periodic interest accruing is 5% (= 10% x 6/12) per six month period.

A semi-annual rate is an example of a nominal annual rate.

Not to be confused with the annual effective rate, which in this case would be = 1.052 - 1 = 10.25%.


See also

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