Debt Instrument Reference Rate

From Open Risk Manual


Debt Instrument Reference Rate. The Interest Rate of some Debt Instrument which is referred to in calculations of some sort.

For example a US Treasury Bill interest Rate, used in quoting prices by way of spreads against this instrument. Also potentially an instrument the interest rate of which is used as the Base in a Floating Rate Note or other variable debt coupon formula.


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.