n Investment Analysts Journal - The announcement effect of prime rate changes on South African capital markets : a note
|Article Title||The announcement effect of prime rate changes on South African capital markets : a note|
|© Publisher:||Taylor & Francis|
|Journal||Investment Analysts Journal|
|Author||L.T. Van der Berg and EvdM. Smit|
|Publication Date||Jan 1999|
ISI Social Science
Extracted from text ... Number 49 - Part 5 LT van der Berg and EvdM Smit* The announcement effect of prime rate changes on South African capital markets: a note* 1. Introduction The prime rate is the business loan rate that commercial banks charge their most creditworthy customers (Goldberg, 1982:277). It also serves as a base rate for pricing commercial loans to businesses that may not be as creditworthy. These loans, typically, will have a floating interest rate. The prime rate does not fluctuate very often and when it does, it does so in discrete amounts (0, 25 % at a minimum). In South ..
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