Concepts and Terminology

  • Yolanda S. Stander
Part of the Finance and Capital Markets Series book series (FCMS)


In this chapter a few basic types of interest rates and the relationships between them are defined. The formulae denoting these relationships are derived by using very straightforward arguments; this involves the breaking up of instruments into their underlying cash flows. The formulae and concepts discussed in this chapter form the basic building blocks for the derivation of yield curves, and are used extensively in later chapters.


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© Yolanda S. Stander 2005

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  • Yolanda S. Stander

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