Glossary entry

French term or phrase:

demi P de base

English translation:

half basis point

Added to glossary by A. & S. Witte
Oct 15, 2007 20:14
16 yrs ago
French term

demi P de base

French to English Bus/Financial Law: Contract(s)
"X facturera à Y .... une somme correspondant à la valeur de un demi P de base.....

Proposed translations

3 days 12 hrs
Selected

half basis point

Rate differences are usually expressed in 'basis points', see e.g. announcements of Fed funds rate increases. In the context of a a fee or invoice, as here,-- "half base point" invoice --- gets no google hits, whilst-- "half basis point" invoice-- gets 40 hits; similarly, -- "half base point" fee-- gets only 5 hits, whilst -- "half basis point" fee -- gets 168 hits. Online glossaries confirm this. "Basis point" appears to be preferable to "base point".
Example sentence:

A basis point is one one-hundredth of a percent. For example, a 150 basis point rise in interest rates is the same as a 1.5% rise. A 10 basis point fee is the same as a 0.1% fee.

The annual fee is 10 basis points or 1/10th of 1% of the amount of the outstanding bonds, so they have not been able to pay the fee for -- for five years and it has -- the unpaid fee is currently $86,510.

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4 KudoZ points awarded for this answer. Comment: "Thank you for all the useful information on the topic! Astrid"
+1
46 mins

half base point

A suggestion
Peer comment(s):

agree BusterK
10 hrs
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