Glossary
- b (price addendum)
- B-shares
- Backwardation
- Balance-sheet analysis
- Bar chart
- Base currency
- Base interest rate
- Basis point
- Basis trade
- Basket certificate
- bB (price addendum)
- Bear Call Spread
- Bear flag
- Bear market
- Bear trap
- Bearer share
- Bears
- Benchmark
- Beta factor
- bG (price addendum)
- Bid
- Bid price
- Bid-ask spread
- Black-Scholes model
- Blue chips
- Bobl Future
- Bodies of the stock exchange
- Bond
- Bond index
- Bonus
- Bonus certificate
- Bonus shares
- Bonus thresholt
- Book-building
- Bookbuilding range
- Börsenordnung (Stock Exchange Rules and Regulations)
- Börsenrat (Exchange Council)
- Break-even point (warrants)
- Breakout gap
- Bridge capital
- Broker
- Brokerage commission
- Bund Future
- Bundesanstalt für Finanzdienstleistungsaufsicht (BAFin)
- Business angel
- Business plan
- Buyback
Base interest rate
The base interest rate is defined in the German Civil Code (BGB) and mainly sets out the default interest arising from contracts after the expiry of a certain period in Germany.
On 1 January 2002, the base interest rate took the place of the previous discount rate. It is determined by the European Central Bank (ECB) on the basis of the benchmark interest rate. The German Civil Code sets out the general default interest fixed at 5 respectively 8 percentage points above the base interest rate. This rate will be recalculated in accordance with the policy rate of the ECB on 1 January and on 1 July every year and published in the German Federal Law Gazette (Bundesgesetzblatt).
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
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