Tag: rate

November 29, 2019 admin123@ No comments exist

Internal rate of return How do private equity funds juice the internal rate of return (IRR)?  IRR is calculated once clients’ money comes in.  The shorter the period their money is put to work, the higher the annual IRR.  So, funds borrow money for the initial investment, & ask for client money later, to make…

November 11, 2019 admin123@ No comments exist

Euro Midnight 1 Jan 1999: Launch of the virtual euro in 11 European countries.  2002: € notes & coins start to circulate, & 1st purchase using them was on the French island of Reunion in the Indian Ocean – to buy 1 kg of lychees.  US$ – € exchange rate on 1 Jan 1999 was…

April 28, 2017 admin123@ No comments exist

  LIBOR  London Interbank Offered Rate The world’s most important no.  Sets interest rates globally.  Changes daily. Based on estimates from a group of banks worldwide, of the lowest rate at which they can borrow. Started 1969 – for the 1st time, London banker, Minos Zombanakis, got a GROUP of banks to lend $80m at a…