Reference Rate

A set of publicly available indices or summaries are often used as a guide to determining payments for swaps. These rates change regularly and their levels are promptly reported. Commonly these are money market instruments such as Treasury bills, commercial paper, banker's acceptances, certificates of deposit, the Federal funds rate, the prime rate, and perhaps the most common, LIBOR, the London Interbank Offer Rate.

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License