Floating rate: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "An interest rate that floats, by reference to inter-bank offered rates, or central bank base rates, or that kind of thing. Once thought of as a sleepy corner of the fina...") |
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Revision as of 17:54, 16 March 2018
An interest rate that floats, by reference to inter-bank offered rates, or central bank base rates, or that kind of thing.
Once thought of as a sleepy corner of the financial markets inhabited by losers who couldn't get a job trading anything sexy like credit derivatives but boy did a few folks who thought that get a surprise in 2012.
They’re in jail now.[1] let me Google that for you
- ↑ Mind you, so are quite a few credit derivatives traders.