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Did you know
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Spot date
The spot date of a transaction is the normal settlement day when the transaction is done today. This kind of transaction is referred to as a spot transaction or simply spot. The spot date can vary for different types of ...
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Libor
The LIBOR (London Interbank Banks Offered Rate) rate is the average interest rate charged by leading banks in London to borrow money from other banks. This rate is set daily at 11 am London time, and is followed by many ...
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Default
Default is said to take place when a debtor has does not meet their legal obligations according stated in the debt contract. For example he does not make a scheduled payment, or violates the loan condition s of the debt ...
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