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The second letter is the immediately preceding letter of the first letter and the third letter is the third preceding letter of the second letter, as per the English Alphabetical series. FEB → F – 1 = E, E – 3 = B LKH → L – 1 = K, K – 3 = H TUR → T – 1 = S, S – 3 = P ONK → O – 1 = N, N – 3 = K BAX → B – 1 = A, A – 3 = X
How often should the interest rate under the external benchmark be reset?
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