Interest Rate Adjustment
Definition
Interest Rate Adjustment. Scheduled change to the coupon rate for a floating or adjustable rate security.
The SWIFT definition as given defines the notification of the interest rate change, not the adjustment. Adjusted to describe the event. REVIEW: Is this really an action? Usually consider that it's expected. Given definition was for the announcement. SWIFT full definition "Announcement of the current coupon rate for a floating or adjustable rate security."
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/CAE/CorporateEvents/CorporateActionsEvents/index-en.html + |
