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Thứ Ba, 26 tháng 1, 2010

The UK has the floating rate LIBOR as the reference rate at which banks borrow in the money market. This floating rate is also used for engineering other derivatives.


Respectively, Australia has BBSW: bank-bill reference rate.


In Vietnam, the inter-bank rate between Vietcombank, Agribank, Vietinbank and BIDV has recently been used e.g. for bonds. The full term is long, so I came up with an acronym for it: VAVB. This term is sheerly for the ease of remembering and discussion; the order of the letters serves no other purpose.




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26 Jan 2010

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