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imported>Doug Williamson |
imported>Doug Williamson |
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| ''Interest rates - market rates - wholesale.''
| | Debt which is not subject to a right of recourse. |
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| Any method of paying interest that is periodically refixed in line with the current market rate.
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| Floating rate interest is not fixed for the life of the issue, but is periodically reset according to a predetermined formula.
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| Floating rate debt, for example, carries an interest rate which will vary as market interest rates vary.
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| There is a time lag between the setting of the rate for each tranche of interest at the ''start'' of the interest calculation period, and its payment at the ''end'' of the interest period.
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| == See also == | | == See also == |
| * [[Basis swap]] | | * [[Factoring]] |
| * [[Drop-lock bond]] | | * [[Limited recourse]] |
| * [[Exposure period]] | | * [[Recourse]] |
| * [[Fixed debt]]
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| * [[Fixed rate]]
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| * [[Floating debt]]
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| * [[Floating exchange rate system]]
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| * [[Floating rate payer]]
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| * [[Standard variable rate]]
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| * [[Variable rate]]
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| * [[Wholesale]]
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| [[Category:Corporate_financial_management]] | | [[Category:Accounting,_tax_and_regulation]] |
| | [[Category:The_business_context]] |
| | [[Category:Corporate_finance]] |
| | [[Category:Identify_and_assess_risks]] |
| | [[Category:Manage_risks]] |
| | [[Category:Financial_products_and_markets]] |
| | [[Category:Trade_finance]] |
Latest revision as of 13:27, 26 February 2021
Debt which is not subject to a right of recourse.
See also