Because specific loans and bonds are often related to specific indexes or underlying securities, they are usually called indexes (or below). For example, a loan is 0.50% higher than LIBOR, and it is said to be 50 basis points higher than LIBOR, which is generally expressed as "L+50bps" or "L+50".
The expansion of basic financial concepts. The spot price of commodities is different from the price of futures contracts. That is, the difference between spot and futures.
Formula: spot-futures price = benchmark. Because of the holding fee, the basis point is generally negative. In general, the actual spot price is lower than the adjacent futures price. As the delivery time approaches, the inventory cost is reduced, and the price difference between spot and futures is also narrowing.
The basic value is divided into: strengthening foundation, weakening foundation, national foundation and premium foundation.
The reason of the basic point, the storage cost of goods; Insurance; Interest payment.
The mortgage interest rate bp refers to a basis point, 1 basis point is equal to 0.0 1%, and the mortgage interest rate is LPR+ basis point, which can also be negative. For example, the interest rate of LPR is 5.8 1%, 5 bp, which is 0.05%, that is, this interest rate is 5.8 1%+5bp=5.86%. Different banks will give different benchmark interest rates when handling mortgage loans, but the interest rate of LPR is the same.
Customers applying for mortgage loans must meet the requirements of the bank, otherwise the bank will not accept them. Under normal circumstances, the borrower pays the down payment, and then provides the work certificate, bank account for half a year, personal credit record, loan application form, etc. , and then the bank audit, and then issue loans.
Mortgage loans can choose different repayment methods, generally average capital and equal principal and interest. If the loan conditions are the same, the interest paid by equal principal and interest will be more than the average capital, and the monthly repayment amount will be different. The interest is the same every month, and so is the principal.
Users should pay off the loan in time to avoid overdue repayment, otherwise there will be fines, and with the passage of time, fines will increase. If you owe money, the bank will recover it from you, and then your credit record will be uploaded to your credit record, and your credit record will be affected.
The above is a detailed interpretation of the meaning and origin of interest rate bp. Among the interest rates, bp is the benchmark, the mortgage interest rate bp refers to a basis point, 1 basis point is equal to 0.0 1%, and the mortgage interest rate is LPR+ basis point, which can also be negative.