FRR

(redirected from Floating Reference Rate)
AcronymDefinition
FRRFree Registration Required
FRRFurniture Row Racing (team; Colorado)
FRRFlint River Ranch (Chapel Hill, North Carolina)
FRRFalse Rejection Rate (biometrics)
FRRFast Re-Route
FRRFalse Rejection Rate
FRRFree Rasalhague Republic (gaming)
FRRFast Reroute (MPLS protection scheme)
FRRFinancial Risk Rating
FRRFlight Readiness Review
FRRFonds de Réserve pour les Retraites (French: Pension Reserve Fund)
FRRFloating Reference Rate (finance)
FRRFrequency Restoration Reserve (power grids; various locations)
FRRFinancial Reporting Release
FRRFire Resistance Rating
FRRFusion Rock Radio (online radio)
FRRFree Range Router (open-source software)
FRRFront Royal, Virginia
FRRFacility Repair and Renewal (US Army program)
FRRFinancial Reporting Requirements
FRRFirst Right of Refusal
FRRFunctional Readiness Review
FRRFunctional Recovery Routine
FRRFiber Reinforced Rubber
FRRFunctional Requirements Review
FRRField Return Rate (quality control)
FRRFinancial Restructuring and Recovery (finance)
FRRFacility Risk Rating
FRRFuel Return Rate
FRRForward Resource Reservation
FRRField Reduction Region
FRRFull Reimbursement Rate
FRRFitted For Radio
FRRField Revision Request
References in periodicals archive ?
Secondly, the floating reference rate on an OIS contract is reset every night, which means that any change in the OCR will be reflected in the floating rate by the next working day.
The ICICI has also cut rates on loans under the older BPLR (benchmark prime lending rate) regime by 0.25 percent to 18.50 and for consumer loans, apart from cutting its floating reference rate (FRR) by a similar amount to 15.50 per cent which will benefit home loan borrowers.
The ICICI has also cut rates on loans under the earlier BPLR (benchmark prime lending rate) regime by 0.25 percent to 18.50 and for consumer loans, in addition to cutting its floating reference rate (FRR) by a similar amount to 15.50 percent, which is expected to benefit home loan borrowers, the report said.
ICICI Bank has also announced an increase of 0.25 per cent in its benchmark prime- lending rate and in its floating reference rate for consumer loans with effect from January 3.
The prime lending rate, which is used to price most corporate loans, and the floating reference rate, which is used to price consumer loans, will be raised by 50 basis points each.
It has also raised its benchmark prime lending rate and in its floating reference rate for consumer loans (including home loans) by 25 basis points effective Monday.
Second, the floating reference rate in the OIS is the overnight rate, whereas the floating rate for most interest rate swaps is generally set less frequently, with reference to a quarterly or semi-annual interest rate.
The bank has lowered its prime lending rate, called the benchmark advance rate, to 15.75 percent, and slashed its floating reference rate on floating rate retail loans, including home loans, to 12.75 percent.
The floating reference rate for home loans has been cut by 0.5 percent with effect from December 31, ICICI Bank said.
"Due to the inter-linkages with the global financial system, the balance sheet of IFIs (Islamic financial institutions) are exposed to fluctuation in foreign currency rates and also cash flow mismatches due to fixed and floating reference rates," said Khalid Hamad, Chairman of IIFM.