Benchmark: Difference between revisions
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imported>Doug Williamson (Add FCA July 2018 speech on benchmark reform.) |
imported>Doug Williamson (Mend link.) |
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1. | 1. ''Comparative measure.'' | ||
A measure stated on a standardised basis, to enable comparison. | A measure stated on a standardised basis, to enable comparison. | ||
| Line 6: | Line 6: | ||
2. | 2. ''Standards of performance - quantitative.'' | ||
A quantified standard of performance set by the market (such as stock market index) or by an institutional investor (such as an internally developed benchmark) against which investment performance, or other performance, can be managed and tracked. | A quantified standard of performance set by the market (such as stock market index) or by an institutional investor (such as an internally developed benchmark) against which investment performance, or other performance, can be managed and tracked. | ||
3. | 3. ''Standards of performance - qualitative.'' | ||
A standard of performance including less readily quantified measures, such as satisfaction. | A standard of performance including less readily quantified measures, such as satisfaction. | ||
4. | 4. ''Interest rates''. | ||
An officially published rate of interest, from which a rate of interest payable or receivable is calculated. | An officially published rate of interest, from which a rate of interest payable or receivable is calculated. | ||
For example, SONIA. | |||
A related rate of interest payable might be | A related rate of interest payable might be SONIA + 1%. | ||
'' | 5. ''Interest rates''. | ||
More broadly, any rate of interest, from which another rate of interest payable or receivable is calculated. | |||
6. ''Market price''. | |||
A market price for a widely traded quality and quantity of a commodity, used as a reference price in a contract. | |||
For example, the price per barrel of Brent crude oil. | |||
== See also == | == See also == | ||
* [[Alternate Base Rate]] | * [[Alternate Base Rate]] | ||
* [[Alternative reference rate]] | |||
* [[Baseline]] | * [[Baseline]] | ||
* [[Base rate]] | * [[Base rate]] | ||
* [[Benchmarking]] | * [[Benchmarking]] | ||
* [[Benchmarks Regulation]] | * [[Benchmarks Regulation]] | ||
* [[Climate benchmark]] | |||
* [[Commodity]] | |||
* [[Credit Benchmark]] | |||
* [[Effective annual rate]] | * [[Effective annual rate]] | ||
* [[€STR]] | |||
* [[EURIBOR]] | * [[EURIBOR]] | ||
* [[European Money Markets Institute]] | * [[European Money Markets Institute]] | ||
* [[Fallback]] | |||
* [[Financial Stability Board]] | * [[Financial Stability Board]] | ||
* [[Fixing]] | |||
* [[Good practice]] | * [[Good practice]] | ||
* [[LIBOR]] | * [[LIBOR]] | ||
* [[Price fixing]] | |||
* [[Rate fixing]] | |||
* [[Reference rate]] | |||
* [[Refinitiv Benchmark Services (UK) Limited]] (RBSL) | |||
* [[Risk-free rates]] | * [[Risk-free rates]] | ||
* [[Spread to Treasury/ Governments]] | * [[SONIA]] | ||
* [[Spread to Treasury / Governments]] | |||
* [[Stakeholder]] | * [[Stakeholder]] | ||
* [[Sterling]] | |||
==Other links== | |||
*[https://www.bankofengland.co.uk/markets/transition-to-sterling-risk-free-rates-from-libor/working-group-on-sterling-risk-free-reference-rates Working Group of Sterling Risk-Free Reference Rates - latest announcements & publications] | |||
*[https://www.treasurers.org/hub/technical/practical-guide-libor A Practical Guide to LIBOR transition - Slaughter & May - Association of Corporate Treasurers] | |||
*[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]] | |||
[ | *[https://www.bankofengland.co.uk/markets/sonia-benchmark SONIA and other benchmarks] | ||
[ | *[https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2018/ARRC-Second-report ARRC: Second Report] | ||
[ | *[https://www.rba.gov.au/mkt-operations/resources/interest-rate-benchmark-reform.html Interest rate benchmark reform in Australia - Reserve Bank of Australia (RBA)] | ||
[[Category:The_business_context]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Latest revision as of 01:12, 2 January 2023
1. Comparative measure.
A measure stated on a standardised basis, to enable comparison.
For example, an effective annual rate.
2. Standards of performance - quantitative.
A quantified standard of performance set by the market (such as stock market index) or by an institutional investor (such as an internally developed benchmark) against which investment performance, or other performance, can be managed and tracked.
3. Standards of performance - qualitative.
A standard of performance including less readily quantified measures, such as satisfaction.
4. Interest rates.
An officially published rate of interest, from which a rate of interest payable or receivable is calculated.
For example, SONIA.
A related rate of interest payable might be SONIA + 1%.
5. Interest rates.
More broadly, any rate of interest, from which another rate of interest payable or receivable is calculated.
6. Market price.
A market price for a widely traded quality and quantity of a commodity, used as a reference price in a contract.
For example, the price per barrel of Brent crude oil.
See also
- Alternate Base Rate
- Alternative reference rate
- Baseline
- Base rate
- Benchmarking
- Benchmarks Regulation
- Climate benchmark
- Commodity
- Credit Benchmark
- Effective annual rate
- €STR
- EURIBOR
- European Money Markets Institute
- Fallback
- Financial Stability Board
- Fixing
- Good practice
- LIBOR
- Price fixing
- Rate fixing
- Reference rate
- Refinitiv Benchmark Services (UK) Limited (RBSL)
- Risk-free rates
- SONIA
- Spread to Treasury / Governments
- Stakeholder
- Sterling
