Reference rate


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Reference rate

A benchmark interest rate (such as LIBOR) used to specify conditions of an interest rate swap or an interest rate agreement.

Reference Rate

A floating interest rate or other benchmark used in some investment vehicles. For example, in an interest rate swap, the reference rate is the floating interest rate that one of the counterparties is paid. Likewise, in an adjustable-rate mortgage, the reference rate is the floating interest rate that helps determine the interest rate the property owner pays. Usually, the reference rate is LIBOR or some other interest rate that is adjusted on a daily basis.
References in periodicals archive ?
The company said that the redemption price of the notes will be the greater of 100% of the principal amount of the notes and the sum of the present values of the remaining scheduled payments on the notes, discounted to the redemption date as described in the notes, using a reference rate for a comparable US Treasury security plus 15 basis points.
The offer comprised AUD600m of floating-rate notes priced at 77 basis points over the three-month bank-bill reference rate (BBSW) and a fixed-rate portion priced to yield 6.365%.
Global Banking News-November 10, 2016--Argentine central bank cuts reference rate
The Reserve Bank of India (RBI) compiles and publishes on a daily basis the Reference Rate for Spot USD/INR.
The debt is to be priced by tomorrow at some 200 basis points over Bank Bill Swap Reference Rate (BBSW), an investor told National Australia Bank.
The apex bank said that it has kept its reference rate unchanged at 26.75 percent for the fourth straight week on Tuesday.
Global Banking News-September 21, 2016--Argentine central bank continues to cut reference rate
Contract notice: 2014 dlh 1180 - mission control markets, legal assistance and calculation of the reference rate as part of the paris ready devices residence 0% and ready residential course in 2 batches.
Global Banking News-September 14, 2016--Argentine central bank cuts reference rate
If the guarantee deposit in another currency, the validation will be done at the reference rate from the date of publishing the central bank.
Bank Indonesia (BI) left the benchmark 12-month reference rate and the future benchmark, the 7-day reverse repurchase rate, at 6.50 percent and 5.25 percent, respectively.
For the purpose of calculation cost of the loan should be determined based on a variable interest rate based on the reference rate WIBOR 3M on 31 August 2013 plus the bank~s margin.