The concepts described on these pages are words and expressions used in statistics with a specific, limited meaning. In everyday speech the word may have a different meaning. In connection with each definition you can find information about which sets of statistics use the concept.

If you are looking for statistical figures, go from the definition to the statistics page.

Reference loan (benchmark loan)

The reference loan refers to serial bonds or housing bonds issued in large quantities by the state and quoted constantly by primary dealers. The yield on these bonds indicates the risk-free market interest rate. Primary dealers are banks or securities intermediaries, which have undertaken, based on an agreement with the State Treasury, to participate in the auctions for benchmark bonds and to maintain a secondary market for them. Under an agreement signed by the Bank of Finland and the primary dealers, the primary dealers undertake to observe the codes of conduct for dealing in the secondary market for benchmark bonds.

Statistics using the definition

Validity of the definition

  • Valid until (31 December 2078)

Source organisation

  • Tilastokeskus