I get no idea about 99.8, does it ready referring to LIBOR or something else.
Does anyone have any suggestions?
Thanks in advance for any suggestions

But the actual bank rate of 0.5% is actually reflecting those borrow/lend activities between banks, will it be more representative than derived interest rate at 0.2%?jas-105 wrote:The derived interest rate is 100 - 99.8, so 0.2%.
The reason it is different from the actual bank rate of 0.5% is because this is the average rate that banks charge each other to borrow/lend.
The banks setting these rates are largely crooked so be careful !