12/12/21

Term SOFR and Our Last Update on Libor Cessation

US prudential regulators are clear that after 2021 banks may no longer use USD LIBOR as an index.  The remaining USD LIBOR cash and derivative instruments will continue until June 30, 2023, at which point all USD LIBOR settings are expected to be discontinued, and most legacy LIBOR contracts will be converted to a Fallback…

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