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Difference between basis points and tick

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Difference between basis points and tick

  • This topic has 2 replies, 2 voices, and was last updated 1 year ago by John Moffat.
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  • August 5, 2021 at 3:10 pm #630491
    anassada999
    Member
    • Topics: 15
    • Replies: 11
    • ☆

    In the revision kit they have in some some questions they have used basis points for example “less 30 basis points”

    I have gone through your lecture videos and come across tick i understood that

    IS tick and basis points the same or different?

    August 5, 2021 at 3:47 pm #630492
    anassada999
    Member
    • Topics: 15
    • Replies: 11
    • ☆

    I do understand the concept of basis risk

    just the difference and whether the implementation is the same or not

    August 5, 2021 at 4:29 pm #630504
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51583
    • ☆☆☆☆☆

    We use the word basis point when we are referring to a change of 0.01% in the rate of interest, and we use the term tick when we are referring to a change of 0.01 in the futures price.

    Questions sometimes give you the tick value (i.e, the gain or loss due to a 1 tick change in the futures price) but as I explain in my lectures you never actually need to answer in terms of ticks (and I never do 🙂 ).

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