Reference rate: Difference between revisions
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imported>Doug Williamson (Update for LIBOR transition.) |
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Latest revision as of 13:47, 27 April 2022
A reference rate is a widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or SONIA - by reference to which a rate of interest is calculated.
For example, in the rate ‘SONIA plus 50 basis points’, SONIA is the reference rate.
