{"id":166021,"date":"2022-05-06T15:50:10","date_gmt":"2022-05-06T15:50:10","guid":{"rendered":"https:\/\/theotcspace.com\/knowledge_item\/zero-premium-cap\/"},"modified":"2022-05-06T15:50:12","modified_gmt":"2022-05-06T15:50:12","slug":"zero-premium-cap","status":"publish","type":"knowledge_item","link":"https:\/\/theotcspace.com\/knowledge_item\/zero-premium-cap\/","title":{"rendered":"Zero Premium Cap"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>An interest rate cap with no up front premium. It is applicable only where the yield curve is positively sloped. It exploits the higher implied forward LIBORs to &#8220;pay&#8221; for the cap. The zero premium cap does not cap LIBOR as in a &#8220;normal&#8221; interest rate cap, but LIBOR is set in arrears<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false},"knowledge_category":[4264],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item\/166021"}],"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=166021"}],"wp:term":[{"taxonomy":"knowledge_category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_category?post=166021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}