interest rate set for entire period of deal life-time and does not underlie to any changes on interbank market thus fully eliminating the risk of potential changes in interbank rates. For the Borrower it represents a positive aspect that in case of long-term financing it can easily forecast and budget the future total loan installments. On the other hand, it will not be able to benefit from low interest rates on market. Fixed rate is usually derived from IRS curves for same period as the loan tenor.