Fallback: Difference between revisions
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imported>Doug Williamson (Add link.) |
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* [[Alternate Base Rate]] | * [[Alternate Base Rate]] | ||
* [[Benchmark]] | * [[Benchmark]] | ||
* [[Bloomberg Index Services Limited]] (BISL) | |||
* [[Hardwired]] | * [[Hardwired]] | ||
* [[Legacy]] | * [[Legacy]] | ||
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* [[Reference rate]] | * [[Reference rate]] | ||
* [[Risk-free rates]] | * [[Risk-free rates]] | ||
* [[Transition]] | |||
* [[Waterfall]] | * [[Waterfall]] | ||
* [[Waterfall methodology]] | * [[Waterfall methodology]] | ||
== | ==External links== | ||
[http://www.fca.org.uk/news/speeches/interest-rate-benchmark-reform-transition-world-without-libor A World without Libor - FCA speech - July 2018] | [http://www.fca.org.uk/news/speeches/interest-rate-benchmark-reform-transition-world-without-libor A World without Libor - FCA speech - July 2018] | ||
Latest revision as of 14:02, 2 November 2022
1. Interest rates - reference rates.
A 'fallback' is a specified alternative reference interest rate, for use in the event that the originally envisaged reference rate is unavailable.
"Whilst fallbacks are contained in existing documentation should a reference rate become (temporarily) unavailable, these were not drafted as a long-term solution [to the permanent retirement of LIBOR]."
ACT Briefing Note, Transition to risk free rate benchmarks.
2.
Similar arrangements in other contexts.
See also
- Alternate Base Rate
- Benchmark
- Bloomberg Index Services Limited (BISL)
- Hardwired
- Legacy
- LIBOR
- Reference rate
- Risk-free rates
- Transition
- Waterfall
- Waterfall methodology
External links
A World without Libor - FCA speech - July 2018
The future of LIBOR: what you need to know, ACT & LMA, March 2018
