Dodd-Frank and Nominal annual rate: Difference between pages

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''US.''
The rate of return ''per annum'' named or quoted in a market, under the quoting convention for the given market.


Abbreviation for the Dodd-Frank Act.


In full, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Sample citation: Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203, § 929-Z, 124 Stat. 1376, 1871 (2010) (codified at 15 U.S.C. § 78o) [Bluebook R. 12.4].)
Market quotations are usually given per annum, and for this reason the term ''nominal rate'' is often used interchangeably with nominal annual rate.


The main aims of Dodd-Frank are to:
For example, GBP overnight interest payable at the periodic rate of 0.014% per day, would conventionally be quoted on a nominal annual basis as:


# Promote the financial stability of the United States by improving accountability and transparency in the financial system;
365 x 0.014% = 5.11%.
# End "too big to fail";
# Protect US taxpayers by ending bailouts; and
# Protect consumers from abusive financial services practices.




== See also ==
Not to be confused with the effective annual rate.
* [[Financial Stability Oversight Council]]
* [[Independent Commission on Banking]]
* [[EMIR]]
* [[MCT]]
* [[Volcker Rule]]


''Sometimes also known as market rate or nominal rate.''


==Other links==
[http://www.treasurers.org/node/6163 Know your onions – US financial reform, Martin O'Donovan, ACT 2010]


[http://www.treasurers.org/node/6209 The Dodd-Frank Act, Will Spinney, ACT 2010]
== See also ==
 
* [[Continuously compounded rate of return]]
[http://uk.practicallaw.com/3-502-8950 Summary of the Dodd-Frank Act: Swaps and Derivatives, Practical Law]
* [[Daily rate]]
* [[Effective annual rate]]
* [[Money market]]
* [[Nominal]]
* [[Periodic rate of interest]]
* [[Quarterly rate]]
* [[Semi-annual rate]]


[[Category:Compliance_and_audit]]
[[Category:Manage_risks]]

Revision as of 21:50, 13 December 2014

The rate of return per annum named or quoted in a market, under the quoting convention for the given market.


Market quotations are usually given per annum, and for this reason the term nominal rate is often used interchangeably with nominal annual rate.

For example, GBP overnight interest payable at the periodic rate of 0.014% per day, would conventionally be quoted on a nominal annual basis as:

365 x 0.014% = 5.11%.


Not to be confused with the effective annual rate.

Sometimes also known as market rate or nominal rate.


See also

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