{"id":165604,"date":"2022-05-06T15:46:29","date_gmt":"2022-05-06T15:46:29","guid":{"rendered":"https:\/\/theotcspace.com\/knowledge_item\/flexible-cap\/"},"modified":"2022-05-06T15:46:29","modified_gmt":"2022-05-06T15:46:29","slug":"flexible-cap","status":"publish","type":"knowledge_item","link":"https:\/\/theotcspace.com\/knowledge_item\/flexible-cap\/","title":{"rendered":"Flexible Cap"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>An interest rate cap where the buyer is only entitled to utilise the cap for a limited and pre-defined number of reset periods. The cap is automatically used if the underlying index, say LIBOR, is above the strike level. Once the number of &#8220;uses&#8221; equals the limit, the cap can no longer be used by the buyer.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false},"knowledge_category":[4251],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item\/165604"}],"collection":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item"}],"about":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/types\/knowledge_item"}],"wp:attachment":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media?parent=165604"}],"wp:term":[{"taxonomy":"knowledge_category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_category?post=165604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}