Adding an

interest rate floor to the asset side of the pension balance sheet can offset much of the risk, in this case.

The second amended and resaid Lion Oil term loan facility, which closed on the same date as the acquisition of Alon USA common stock, has a five-year term and the interest rate is based, at Lion Oil's election, on a LIBOR or base rate plus applicable margins, subject in each case to an all-in

interest rate floor of 5.

Since the

interest rate floor resets on every contract anniversary date, just as annuity index floors do, the client has the potential for new credits based on interest rate increases, regardless of the previous year's ups or downs.

Treasury bonds, due to their security, gauge interest rates by setting the

interest rate floor of financial markets.

1256(b)(2) to provide that no "interest rate swap, currency swap, basis swap, interest rate cap,

interest rate floor, commodity swap, equity swap, equity index swap, credit default swap, or similar agreement" would be treated as a Sec.

5 percent and many banks have an

interest rate floor in the 6 percent range.

Without the

interest rate floor established by the corridor, such an injection of reserves could push the policy rate well below its target.

However, at the same time it will be tied to an

interest rate floor of 2.

Home loans today pierced the

interest rate floor of 8 per cent that the State Bank of India had set in earlier this year.

Interest Rate Collar--An agreement in which one party purchases an interest rate cap and sells an

interest rate floor and the other sells an interest rate cap and buys an

interest rate floor.

This paper uses the IMF's macroeconomic model MULTIMOD to examine the implications of the zero

interest rate floor (ZIF) for the design of monetary policy in Japan.

This

interest rate floor has been applied to every class of deposit from March 15, 1994.