Swap Rates / Bank Bills

The rates below are Wholesale Rates. They are key indicators as to the Cost of Funds to the Financier. As can be seen these Rates change Daily. Some Lenders change their Rates on a daily basis while others wait for a major (eg. 10 point) change.

• Bank Bills - The one month rate is a key indicator of the Current Variable Rate.
• Swap Rates - are a key indicator of the Fixed Wholesale Rates.

A margin is placed on these key indicators. This is then the Price (Final Rate) to the Borrower. Numerous factors are taken into account when calculating the margin applicable to any one deal.

In general a margin between one percent and two and a half percent can be taken as a guide. "The bigger the Risk the higher the Rate".

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