Administered Rates

Administered rates, in simple terms, refer to interest rates or other financial rates that are set or determined by an authoritative entity or organization. These rates are typically established and regulated by a government agency, central bank, or other regulatory bodies. Administered rates are often used as benchmarks or reference rates for various financial transactions, such as loans, mortgages, or financial derivatives. They provide a standardized and transparent basis for pricing and determining interest or other financial charges.