imported>Doug Williamson |
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| The risk associated with a change in interest rates. | | The UK's former Office of Fair Trading. |
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| This may take several forms in the treasury context.
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| For example, and depending on the direction of the change:
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| *Increasing interest cost
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| *Falling interest income
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| *Changing market value of debt, or of pension liabilities
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| *Differences in competitiveness
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| *The changing nature of a market when interest rates change
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| *Secondary effects, especially potentially adverse effects, resulting from any of the primary effects above. For example, potential breaches of interest cover covenants.
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| Sometimes written 'interest-rate risk'.
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| == See also == | | == See also == |
| * [[Asset-liability management]] | | * [[Competition & Markets Authority]] (CMA) |
| * [[Cross-currency interest rate swap]]
| | * [[Office of Fair Trading]] |
| * [[Double-whammy]]
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| * [[Exposure]]
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| * [[Fair value interest rate risk]]
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| * [[Financial covenant]]
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| * [[Forward rate agreement]]
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| * [[Guide to risk management]]
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| * [[Interest cover]]
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| * [[Interest rate]]
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| * [[Interest rate cap]]
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| * [[Interest rate collar]]
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| * [[Interest rate exposure]]
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| * [[Interest rate floor]]
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| * [[Interest rate futures]]
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| * [[Interest rate gap]]
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| * [[Interest rate guarantee]]
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| * [[Interest rate option]]
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| * [[Interest Rate Risk in the Banking Book]] (IRBB)
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| * [[Interest rate shock]] | |
| * [[Interest rate swap]]
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| * [[IRHP]]
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| * [[Matching]]
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| * [[Pipeline risk]]
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| * [[Portfolio hedging]]
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| * [[Risk-free rate of return]]
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| * [[Risk-free rates]]
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| * [[Shock]]
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| * [[Time bins]]
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| == Other resource ==
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| [[Media:2015_05_May_-_The_devil_is_in_the_detail.pdf| The devil is in the detail, The Treasurer, 2015]]
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| [[Category:Manage_risks]] | | [[Category:Accounting,_tax_and_regulation]] |
| | [[Category:Financial_products_and_markets]] |
| | [[Category:The_business_context]] |
