120 Basis Points to Percent — Convert 120 BPS to %

Conversion Result

120 bps = 1.2%
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One hundred twenty basis points is typical for prime brokerage service fees and appears in equity volatility swap pricing. It represents the cost of professional financial intermediation.

How the Conversion Works

Formula: Basis Points → Percent

Percent = Basis Points ÷ 100

Step-by-Step Calculation:

1. Start with: 120 bps

2. Divide by 100: 120 ÷ 100

3. Result: 1.2%

This conversion is based on the fundamental relationship: 100 basis points = 1%.

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