Floating Rate

Field 2.25 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: No>

Status: Best Practice Finalised, Last Updated: 26/04/2021

Field 2.25 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: No

Description:
An indication of the reference interest rate used which is reset at predetermined intervals by reference to a market reference rate, if applicable.

Best Practice:
REPO/BSB/ML related only; therefore out-of-scope for securities lending. (SFTR-45)