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COMMERCIAL INTEREST REFERENCE RATES (CIRRS)

Statistics Directorate    
Definition:
A set of currency-specific interest rates for major OECD countries. CIRRs have been established for 15 currencies, the majority of which are based on three-, five- and seven-year bond yields, plus a margin, according to the length of the repayment period. They are adjusted monthly. In particular, CIRRs represent the minimum interest rates that shall apply to official financing support under the Arrangement on Officially Supported Export Credits and its Sector Understandings.

Context:
The prevailing CIRRs are available on the OECD Internet page (http://www.oecd.org/trade/xcred/rates.htm).

Source Publication:
OECD, n.d. Minimum Inerest Rates. Website. Available at: see website.

Hyperlink:
http://www.oecd.org/trade/xcred/rates.htm

Statistical Theme: Financial statistics

Created on Wednesday, August 27, 2003

Last updated on Friday, April 19, 2013