What is spread effect in the repricing gap model the effect of mismatch of acid and liabilities within a maturity bucket the value of an F$5$ to its owners the effect that a change in the spread between rates on RSA and RSL has that interest income interest rates, change, periodic cash flow of interest and principal amortization payments on long$-$term assets that can be reinvested at market rates. The premium paid to compensate for the future uncertainty in a securities value a securities value.