Sermaye Piyasaları
Piyasa-Yakini Oran (Quasi-Market Rate)
İngilizce: quasi-market rate
Türkçe Tanım
Tam piyasa kosullarinda olusacak orana yakin olmakla birlikte, bir subvansiyon, garanti ya da kalkinma amacli fiyatlandirma nedeniyle ondan bir miktar sapan faiz ya da getiri oranidir. Piyasa-yakini fiyatlama, kalkinma finansmani kurumlarinin imtiyazli sermaye ile ticari sermaye arasinda bir orta yol tutturma cabasini yansitir; nitekim blended finance yapilarinda bu tur bir oranin kullanilmasi, projeyi ticari kredi verenler icin finanse edilebilir kilarken asiri subvansiyonun yol acacagi piyasa bozucu etkiyi de sinirlamayi amaclar.
English Definition
An interest or return rate that lies close to what would form under full market conditions but departs from it somewhat by reason of a subsidy, guarantee or development-oriented pricing. Near-market pricing reflects development finance institutions' effort to strike a middle path between concessional and commercial capital; in blended-finance structures the use of such a rate is intended to render a project bankable for commercial lenders while limiting the market-distorting effect that excessive subsidy would produce.