Restløpetid

Restløpetid refers to the remaining time until a financial instrument, such as a bond or a loan, matures. It is a crucial factor in determining the current market value and the potential return on investment for these instruments. The longer the restløpetid, the more sensitive the instrument's price is likely to be to changes in interest rates. For investors, a longer restløpetid generally implies higher risk but also the potential for greater returns if interest rates fall. Conversely, a shorter restløpetid means less exposure to interest rate fluctuations and a quicker return of principal.

In the context of bonds, restløpetid is used alongside the coupon rate and prevailing market interest rates to calculate the bond's yield to maturity (YTM). YTM represents the total return anticipated on a bond if it is held until it matures. The calculation takes into account the bond's current market price, its par value, its coupon rate, and its remaining time to maturity. For loans, restløpetid is important for both the lender and the borrower. Lenders use it to assess the risk of default and to plan for future cash flows, while borrowers use it to manage their debt obligations and financial planning. Understanding restløpetid is therefore fundamental for anyone involved in fixed-income investments or debt management.