Zinsreferenzen
Zinsreferenzen, often translated as interest rate benchmarks, are standard reference rates used to determine the interest payments on financial instruments. They serve as a crucial foundation for pricing a wide range of debt products, including loans, mortgages, bonds, and derivatives. The most well-known historical example was LIBOR (London Interbank Offered Rate), which was used globally for decades. However, due to concerns about its reliability and susceptibility to manipulation, many jurisdictions have transitioned to alternative reference rates.
The purpose of a Zinsreferenz is to provide a transparent and objective measure of borrowing costs in
The transition from LIBOR to new benchmark rates, such as SOFR (Secured Overnight Financing Rate) in the