A reference rate is a rate that determines pay-offs in a financial contract and that is outside the control of the parties to the contract. It is often...

MIBOR (Mumbai Inter-Bank Offer Rate) is the overnight interest rate or reference rate based on the averaged interest rates at which Indian banks borrow...

A prime rate or prime lending rate is an interest rate used by banks, usually the interest rate at which banks lend to customers with good credit. Some...

the rate period, in this case on 1 August 2007. An interest rate floor is a series of European put options or floorlets on a specified reference rate, usually...

Interbank Offered Rate (Euribor) is a daily reference rate, published by the European Money Markets Institute, based on the averaged interest rates at which Eurozone...

a list of circulating fixed exchange rate currencies, with corresponding reference currencies and exchange rates. ^ Approximate. ^ Currency is practically...

Secured Overnight Financing Rate (SOFR) is a secured overnight interest rate. SOFR is a reference rate (that is, a rate used by parties in commercial...

as their reference rate. Standard interbank products: Forward rate agreements Interest rate futures, e.g. Eurodollar futures Interest rate swaps Swaptions...

not have a fixed rate of interest over the life of the instrument. Floating interest rates typically change based on a reference rate (a benchmark of any...

A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary...