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== Summary ==
1. ''Interest rates - reference rates''.
Importing files from local file repository
 
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 ==
* [[Alternate Base Rate]]
* [[Benchmark]]
* [[Bloomberg Index Services Limited]]  (BISL)
* [[Hardwired]]
* [[Legacy]]
* [[LIBOR]]
* [[Reference rate]]
* [[Risk-free rates]]
* [[Transition]]
* [[Waterfall]]
* [[Waterfall methodology]]
 
[[Category:Accounting,_tax_and_regulation]]
[[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.


See also

File history

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