CET1 and Fallback: Difference between pages
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'' | 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 == | == See also == | ||
* [[ | * [[Alternate Base Rate]] | ||
* [[ | * [[Benchmark]] | ||
* [[ | * [[Hardwired]] | ||
* [[Legacy]] | |||
* [[LIBOR]] | |||
* [[Reference rate]] | |||
* [[Risk-free rates]] | |||
* [[Waterfall]] | |||
* [[Waterfall methodology]] | |||
===Other links=== | |||
[http://www.fca.org.uk/news/speeches/interest-rate-benchmark-reform-transition-world-without-libor A World without Libor - FCA speech - July 2018] | |||
[[Media:ACT LMA Future of LIBOR Guide 0318.pdf| The future of LIBOR: what you need to know, ACT & LMA, March 2018]] | |||
[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Financial_products_and_markets]] | |||
Revision as of 18:14, 17 July 2021
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
- Alternate Base Rate
- Benchmark
- Hardwired
- Legacy
- LIBOR
- Reference rate
- Risk-free rates
- Waterfall
- Waterfall methodology
Other links
A World without Libor - FCA speech - July 2018
The future of LIBOR: what you need to know, ACT & LMA, March 2018
