What does IRO stand for?

Such a scheme did appear to work in Japan in the 1990s, after it had exhausted the interest rate options.

And now that you have so many banks that assess risk differently, the 30-year, high interest rate option is often all that''s available to prospective home owners.

The agreement covers GFI credit derivatives, FX options and energy market data and GFI plans to extend this to equity derivatives and interest rate options early in 2009.

Applications for some of the models are given for regular bonds, Treasury futures and Eurodollar futures, bond options and callable bonds, forward rate agreement, interest rate options, swaps, swaptions, mortgage securities, and default- prone corporate bonds.

Interest rate options were up just over one per cent this July compared with last but are down more than seven per cent for the year to date.

To be published six times a year, Applied Financial Economics Letters is a companion journal to T&F's Applied Financial Economics and publishes short accounts of new financial and economic research on such topics as hedging, spot-futures markets, stock prices as predictive tools, risk aversion, competition, identification of currency crises and interest rate options.

The initial lineup of lenders participating in the Loan Center offers a range of loan and interest rate options for consumers.

The annual interest rate option is set at 4pc for the first nine months and 4.