Rollover Mortgage

In Switzerland, the term rollover mortgage is synonymous with the term money market mortgage. In Switzerland, money market mortgages are primarily SARON mortgages. In the past rollover mortgages were primarily LIBOR mortgages.

Some banks use the term rollover mortgages in reference to SARON mortgages. The term rollover describes the way the mortgage agreement is rolled over to a new agreement with a different interest rate at the end of each interest term.

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