Loan Market Association and Official Bank Rate: Difference between pages

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imported>John Grout
(To expand a stub and refer to the ACT Guides to LMA documentation)
 
imported>Doug Williamson
(Update.)
 
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(LMA).
1.


The Loan Market Association is a trade body for the Europe, Middle East and Africa (EMEA) [[syndicated loan]] market, founded in 1996 by banks operating in that market.
''UK.''


Promoting loan markets in various ways, the LMA particularly publishes model documentation and "market guidelines" for use in both primary and secondary markets with a view to achieving more standardisation of widely accepted market practice.
The official reference interest rate for the UK determined by the Bank of England's Monetary Policy Committee (MPC).


The [[Association of Corporate Treasurers]] (ACT) has supported the LMA's primary documentation initiative since its inception. The LMA discusses its primary investment grade borrower documentation with ACT prior to publication. With [http://www.slaughterandmay.com/ Slaughter and May], ACT publishes [http://www.treasurers.org/loandocumentation commentaries] on the LMA primary documents
The Official Bank Rate is the rate used for certain key transactions between the Bank of England ('the Bank') and financial institutions.


It is designed to have the effect of determining the level of near risk-free interest rates throughout the UK financial sector.


==See also==


* The Loan Market Association website http://www.lma.eu.com/default.aspx
It is used by many financial institutions when setting interest rates for certain of their products.


[[Category:Long_term_funding]]
 
The Official Bank Rate is often known - externally to the Bank - as the 'Bank of England Base Rate' (BBR).
 
Within the Bank of England, it is often abbreviated to 'the Bank Rate'.
 
 
2.
 
Similar interest rates in other jurisdictions.
 
 
== See also ==
* [[Bank of England]]
* [[Bank Rate]]
* [[Base rate]]
* [[Monetary Policy Committee]]
* [[MLR]]
* [[Reference rate]]

Revision as of 16:36, 3 November 2016

1.

UK.

The official reference interest rate for the UK determined by the Bank of England's Monetary Policy Committee (MPC).

The Official Bank Rate is the rate used for certain key transactions between the Bank of England ('the Bank') and financial institutions.

It is designed to have the effect of determining the level of near risk-free interest rates throughout the UK financial sector.


It is used by many financial institutions when setting interest rates for certain of their products.


The Official Bank Rate is often known - externally to the Bank - as the 'Bank of England Base Rate' (BBR).

Within the Bank of England, it is often abbreviated to 'the Bank Rate'.


2.

Similar interest rates in other jurisdictions.


See also

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