What rate is used for swap calculation: deposit or main refinancing one?
Good examples are European Union and Switzerland. SNB has a negative deposit rate and EU has it at 0 %, while their refinancing rates are 0 and 0.25 (%), correspondingly.
Thank you.
Good examples are European Union and Switzerland. SNB has a negative deposit rate and EU has it at 0 %, while their refinancing rates are 0 and 0.25 (%), correspondingly.
Thank you.