1.2 Applying Floating Interest Rate

The Interest Rate Type of a product can be one of the following.

• Fixed,
• Floating, or
• Special

A floating rate corresponds to the market rates for the day. These rates are maintained and updated daily (or whenever they change,) in the floating rates table. The rates can be applied on a contract with or without a spread.

This topic contains following sub-topics:

• Maintaining LIBOR Rates
  
• Maintaining Alternate Risk Free Rates