Interest Rate Adjustment Notification

From Open Risk Manual

Definition

Interest Rate Adjustment Notification. Announcement of the current coupon rate for a floating or adjustable rate security.

Definition as given refers to this notification (message) rather than the event itself. This is done for completeness, and sent out as a Notification by the Issuer or the Issuer's Agent.

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.