Rate fixing

Japanese

金利の確定

Last reviewed

September 26, 2026

This is a draft, shown for review before publication.

Rate fixing is setting the value of the benchmark rate used to calculate the interest for each interest period of a floating-rate trade. Depending on when the value is set, a fixing is either in advance, as for TIBOR, or in arrears just before the payment date, as for TONA compounded in arrears.