{"iri":"https://spec.edmcouncil.org/fibo/ontology/DER/DerivativesContracts/DerivativesBasics/RateBasedDerivative","label":"rate-based derivative","definition":"derivative instrument where the holder has the right but may not have the obligation, depending on the nature of the instrument, to enter into the underlying contract, or pay or receive payment related to the underlying financial rate (or rate contract) on a specified future date based on a specified future rate and term","license":"https://spdx.org/licenses/MIT","source":"fibo","source_url":"https://spec.edmcouncil.org/fibo/"}