MCD and Reference rate: Difference between pages

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Mortgage Credit Directive.
A reference rate is a widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or LIBOR - by reference to which a rate of interest is calculated.
 
For example, in the rate ‘LIBOR plus 50 basis points’, LIBOR is the reference rate.




==See also==
==See also==
* [[Mortgage]]
*[[Adjustable-rate mortgage]]
*[[ARRC]]
*[[Base rate]]
*[[€STR]]
*[[Fallback]]
*[[LIBOR]]
*[[Loan agreement]]
*[[OBFR]]
*[[Official Bank Rate]]
*[[Zero rate provision]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]

Revision as of 12:01, 18 August 2019

A reference rate is a widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or LIBOR - by reference to which a rate of interest is calculated.

For example, in the rate ‘LIBOR plus 50 basis points’, LIBOR is the reference rate.


See also