Reference Index Finance
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Reference Index Finance ncial markets. Reference data is a catch all term used in the finance industry to describe counterparty and security identifiers used when making a trade. As opposed to market data the reference data is used to complete financial transactions and settle those transactions.
Reference rate. Reference rates are at the core of an adjustable rate mortgage (ARM). With an ARM, the borrower's interest rate will be the reference rate, usually the prime rate, plus an additional fixed amount
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