Question

Difference between indexed rate notes and extendable notes in tabular formet

Answer 1

Generally, indexed rate is an interest rate even it is also tied to a specific benchmark with rate.

The rate is also changes based on the movement of the benchmark. on the other hand, indexed interest rates are also used in variable rate credit product the indexed interest rate credit include the LIBOR, prime rate,  note rates, U.S. Treasury bill etc.