Bank bp means basic point. Bank bp is the unit of measurement for measuring interest rate, with 1 basis point equal to 0.0 1% and 100 basis point equal to 1%. Bp is the acronym of English BasisPoint, and the basic point is the unit of measurement of interest rate changes of bonds and bills, which refers to the difference between the spot price of the same commodity and the futures contract price. The calculation formula is: basis point = spot price-futures price.