Spanish term
Spain
Fast, accurate business & law specialist
Native in: English 
Works in: Spanish to English
periodos (de interés) inmediatos superior e inferior
Caso de que no existiera cotización para el periodo de interés elegido, se calculará para un periodo de interés intermedio entre los ***periodos inmediatos superior e inferior***, y en su defecto, para el periodo de Interés «ras próximo al periodo de interés elegido que corresponda.
I cant think how to say this neatly
| 4 +1 | immediately longer and immediately shorter interest rate periods |
patinba
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| 4 | between the current periods of greater or lower interest rates |
Francois Boye
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| 3 | longer and shorter rests |
Adrian MM.
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Proposed translations
immediately longer and immediately shorter interest rate periods
LIBOR rates are calculated for seven borrowing periods ranging from overnight to one year (30, 60, 90 days etc.) If you need a rate for 40 days, say, you average the 30 and 60 day rates, for example
| agree |
Vuka Mijuskovic
: ... or 'the nearest' shorter and longer period (like "between the two nearest values" in maths)
3 hrs
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Sounds good! Thank you!
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United States
An economic geek with social skills
Native in: French
Works in: English to French, French to English, Spanish to English, and 1 more.
between the current periods of greater or lower interest rates
| neutral |
philgoddard
: I don't see how they can be "current". They have to be before or after the current period.
1 hr
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Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
longer and shorter rests
Anyway, it is a rest and not interest reset period.
The old-chestnut argument of few g/hits, alas, is as usual not in line with commercial, banking or legal drafting practice.
Unfortunately, ‘rest’ does not refer to relaxation. It is simply defined as the time frame at which the principal amount is reduced as you repay the loan.
Once a while, you may hear that this home loan product is on monthly rest and another is on daily rest. You hear people saying that daily rest loans are cheaper while someone else says they prefer to have a monthly rest housing loan.
http://en.wikipedia.org/wiki/Rest_(finance)
http://www.mortgagesupermart.com.sg/resources/interest-daily-rest-vs-monthly-rest
Discussion
(From Thompson Reuters)
https://content.next.westlaw.com/Document/Id1691d09ef2911e28...