Stevie Boy
Registered User
- Messages
- 5
Hi,R Interbank Market Rate Nov 2018 = -0.32% (Circa)
Am I missing something or is my calculation incorrect?
Hi There,Hi,
Where are you getting this rate from?
The 5 year rate in November 2018 was positive.
Thank You I will keep a copy of the letter, if that is the case, my problem is solved! Hopefully it is.I don't follow the rates but it's possible they got the sign on the coefficient wrong.
BoI once gave me a break fee calculation in writing that was complete garbage. Whoever drafted the letter just didn't understand the arithmetic.
Keep a note of these btw. If rates turn further against you due to error in their advice delaying your action you may be able to seek redress from Ombudsman.
Would really appreciate if you could let me know where I might find these rates so I can do my own calculations.Hi,
Where are you getting this rate from?
The 5 year rate in November 2018 was positive.
That is a great idea Brendan, and I think you are actually most likely correct!Hi Stephen
I think you are doing an unnecessary calculation.
AIB should pay your break fee for you.
Brendan
A more appropriate source would be swap rates. You need the 5 year rate as at the start of the period, not a generic 3 month rate. I use the following as a close estimate https://www.theice.com/marketdata/reports/180Would really appreciate if you could let me know where I might find these rates so I can do my own calculations.
Thanks again
Will be a battle as always though no doubt!
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