If the central bank holds no government debt, in each period the government pays $ 0m interest to the central bank, the central bank pays $ 100m in IOR, and the central bank is in the hole by $ 100m. (worthwhile.typepad.com)
If IOR is triggered, your new rate will apply for the remainder of the guarantee period. (nylinvestments.com)
By electing IOR, your initial guaranteed interest rate will be less than if you had not elected it. (nylinvestments.com)