Jurisdiction(s):
United Kingdom

Key definition

Duration definition

What does Duration mean? In debt capital markets, investment and treasury practice, duration describes how long, on average, it takes to receive a bond’s cash flows and how sensitive the bond’s price is to interest rate (yield) changes. Macaulay duration is the weighted average time to all cash flows, discounted at the bond’s yield; a higher Macaulay duration means cash flows are further out and the price is more interest rate sensitive. Modified duration translates this into an estimate of the percentage price change for a 1% change in yield. For securities with embedded options, practitioners may use effective duration. Duration is...

Practical guide to anti-dumping duty reviews: new shipper, interim (changed circumstances), expiry (sunset) and judicial review under the WTO Anti-Dumping Agreement, including duration and evidential standards.

Published by a LexisNexis International Trade expert

Practice notes

This Practice Note offers practical guidance on the kinds of reviews that may arise during the lifespan of anti-dumping duties in practice. It includes guidance on new shipper, interim, expiry and judicial reviews relevant to such measures.

Introduction

The Agreement on the Implementation of Article VI of the General Agreement on Tariffs and Trade 1994 (the ‘Anti-dumping Agreement’) makes provision for numerous reviews that may arise while anti-dumping duties remain in force throughout their duration and application.

One such review is aimed at exporters who did not export during the period of investigation of the original anti-dumping investigation. It enables them to obtain an individual anti-dumping duty (or none where appropriate), rather than the residual rate applied to the Member State from which they export.

Another review carried out before the end of the five-year period is the interim review. Interim reviews address situations where duties are no longer required, or where the anti-dumping duty should be increased, as the evidence demands. This covers cases where there is no dumping, or no further injury, or where dumping and injury have increased.

Expiry reviews occur towards the end of the five-year period that anti-dumping...

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Web page updated on 28/05/2026

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