Meanings of alternative rate in English

Switching to an alternative rate will bring changes to trillions of dollars of investments.

Many CLOs currently have a mechanism for an alternative rate to be chosen if Libor is unavailable.

The Senate, however, rejected that deal, passing an alternative rate of 10.5 percent.

Some 57% of Japanese banks say Tibor ought to be used as the alternative rate for loans.

Instead different markets have developed alternative rates, based on real transactions rather than bankers' estimates, to replace the different types of Libor.

Central banks can promote alternative rates such as overnight rates and overnight index swaps rates, or general collateral repo rates, the report said.