Pre-cessation

Interest rates - reference rates.

In the context of reference rates, the date on which a supervisor declares that the rate is no longer representative of the underlying market - or economic reality - that it is intended to represent.

See also

• Amendment approach
• Benchmark
• Bloomberg Index Services Limited (BISL)
• Credit adjustment spread (CAS)
• Derivative instrument
• Fallback
• Interest rate
• International Swaps and Derivatives Association (ISDA)
• LIBOR
• Reference rate
• Risk-free rates (RFR)
• Supervisor