Basis point - sustany/dvg GitHub Wiki

A basis point (often abbreviated as bp) is a unit of measurement that denotes a change in the�interest�rate of a�financial instrument�and is equal to 1/100th of 1% or 0.01%. It is a usual practice in the financial industry to use basis points to denote the difference (spread) between two interest rates.�

See: In re State St. Bank & Trust Co. Fixed Income Funds Inv. Litig., 842 F. Supp. 2d 614 (N.Y. 2012)