Reference rate

A reference rate is an unspecified rate publicly available being able to be used within the framework of a contract by the parts with this contract.

It can be a question of a LIBOR (London Interbank Offered Rate), of the Euribor, or another reference such as the consumer price index or the index of the rate of construction.

A reference rate must be independent and be able to be influenced by one or the other of the parts which refer there.

See too

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