Formula, non
Livret A has long been a unique part of the French inflation market. Ever since the French government included an index component in the formula for the Livret A tax-free savings rate in 2004, it has been a major driver of the inflation market, with retail banks looking to hedge the exposure created through their Livret A account offerings. Livret A is also used as a benchmark for the financing of social housing, leading to hedging demand from local authorities and real estate companies too.
The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Inflation derivatives
Regulation
FCA proposes using CME’s term SOFR for synthetic US Libor
IBA agrees to use rival’s ARRC-endorsed benchmark to avoid bifurcating the market
Receive this by email
Most read on Risk.net
- Podcast: Piterbarg and Antonov on alternatives to neural networks
- FCA proposes using CME’s term SOFR for synthetic US Libor
- Climate risk managers debate role of client transition plans
- Equities clearing and CCP resilience: protecting post-trade from geopolitical turmoil
- GFMA mulls FX determinations committee