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Depreciable Base

The difference between an asset’s cost and its salvage value. Depreciable base is a key input in the calculation of...

Fallback Spread

In relation to the LIBOR cessation plan, it is the credit and liquidity component of LIBOR relative to risk free...

Straight Line Depreciation

A method of depreciation that involves calculating depreciation or amortization by expensing an asset (financial asset, in the case of...

Synthetic LIBOR

A form of transitional LIBOR that is "synthetically" created in order to account for a significant number of US dollar...

Pre-Cessation Trigger

A contractual fallback that was set out in the LIBOR wording for the purpose of triggering a switch to the...

Cessation Trigger

A contractual fallback that was set out in the LIBOR wording for the purpose of triggering a switch to the...

Bank Transfer

A form of electronic payment that involving sending money directly from one bank account to another, via a clearing house....

Wire Transfer

An electronic transfer of funds that is conducted via a network run by banks and transfer service agencies around the...

For Further Credit

An instruction that is set by a bank to receive a wire transfer, specifying a second beneficiary as to the...

FFC

An abbreviation for "for further credit"; an instruction that is set by a bank to receive a wire transfer, specifying...