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

A security (financial security) that carries or provides interest payment at a fixed rate. The coupon rate of a fixed...

The interest rate that banks incur and pay to borrow funds from other banks in the money market overnight (interbank...

A bond that is both senior (senior bond) and unsecured. A senior bond takes priority over other classes of debt...

A debt that is both senior (senior debt) and unsecured (unsecured debt). As a senior debt, it takes priority over...

A category of assets (financed by corresponding funds) that are beneficially owned by an entity's clients and not reported on...

In fallback documentation, it is an event that would activate the fallback provision (incorporated into a contract or arrangement in...

A interest rate benchmark (overnight rate) published by Bank of England based on actual transactions in reflection of the average...

In fallback documentation, a trigger is an event that would activate the fallback provision (incorporated into a contract or arrangement...

It stands for sterling overnight index average. It is an interest rate benchmark (overnight rate) published by Bank of England...