Enumeration | Definition |
---|---|
Administered rate | Managed rate products. The pricing of these items is not contractually linked to any reference rate but is at the discretion of the firm. |
Central bank rate linked | Items which are linked to the central bank rate (Bank Rate in the UK). E.g. Bank Rate tracker mortgages and central bank balances. |
Fixed rate | Fixed rate items. The pricing of these items is contractually fixed. The repricing period of these balances should be populated on a behaviouralised basis. |
Government or sovereign rate | Items referencing the government or sovereign yield curves e.g. Government Bonds. |
Non interest bearing | Non-interest bearing balance sheet items such as non-interest bearing current accounts (current accounts paying very low interest rate e.g. less than 0.1% may be included) or net free reserves. Please note that the balances are expected to be behaviouralised based on the firm’s policy. |
Other | Other reference rate type. Please provide supplementary information detailing reference rate type. |
Overnight index rate linked | The pricing on these items is contractually linked to an Overnight Index rate. |
Variable or floating rate | The pricing on these items is contractually linked to an external reference rate (e.g. 3m LIBOR) which is not the central bank rate or an overnight index. |