Prime Lending Rate

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Prime Lending Rate

The lowest rate of interest that a financial institution, such as a bank, charges its best customers, usually large corporations, for short-term unsecured loans.

The prime lending rate is an economic indicator and is often used as a measuring point for adjusting interest rates on other types of loans. The rate varies according to economic factors.

References in periodicals archive ?

This article addresses the disparate features of the data by employing a dynamic ordered probit model of changes in the prime rate to test for two types of possible asymmetry in the prime.

Are Prime Rate Changes Asymmetric?

Note that the red and green line that indicates underwriting combined ratio (green for profit and red for loss) generally lags or follows the average prime rate graphed in blue.

The prime interest rate and insurance pricing changes

Business loans at small banks are more likely to be tied to the prime rate than to market rates.

Recent developments affecting the profitability and practices of commercial banks

Nordea Prime Rate is primarily used as a reference rate for housing loans.

Nordea lowers its prime rate in Finland

Mizuho Corporate Bank's prime rate is linked to the market yields on its five-year, straight bonds.

Mizuho Corporate Bank to lift long-term prime 0.1 point to 2.55%

Prime rate was unchanged from the previous month at 7.75 percent, but the three-month LIBOR rate was also on the move, rising from 4.84 percent to 5.05 percent.

Senior housing, healthcare borrowers rates move higher

The prime rate has served as, by far, the most common index to which the variable rates on home equity lines have been pegged.

Home equity lending

M2 EQUITYBITES-August 2, 2019--Comerica Bank lowers prime rate

Comerica Bank lowers prime rate

BANKING AND CREDIT NEWS-August 2, 2019--Wells Fargo Bank revises prime rate

Wells Fargo Bank revises prime rate

Global Banking News-August 2, 2019--TCF Bank reduces prime rate

TCF Bank reduces prime rate

Hercules anticipates a 25 basis point increase in the Prime Rate will contribute approximately $3.2M, or 4c per share, of NII per annum, based on the basic weighted share outstanding as of December 31, 2017.