Atlas / Glossary / Discount margin (DM)Discount margin (DM) The floating-rate world's yield measure: the constant margin over the reference rate that reprices a floater or loan to its market price. Loans quote "S+350 at 99" — spread and price, DM implied.
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Where Discount margin is explained in depth The definition above is the short version. These pages put it to work, in the order they use it most:
Terms this definition uses The whole glossary
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