Citi LIBOR Transition Update Outstanding US Law-Governed Citi-Issued USD LIBOR Instruments Planned to Transition to Term SOFR after June 30, 2023 February 27, 2023 04:15 PM Eastern Standard Time ...

The group steering a U.S. replacement for the beleaguered London interbank offered rate has said it can’t guarantee a vital last step in the process will happen this year as planned, spurring ...

In addition to his role within LCH’s Rates Derivatives business, Philip Whitehurst represents LCH on a number of industry groups working on benchmark reform, including the Alternative Reference Rates ...

OLDWICK, N.J.--(BUSINESS WIRE)--As the process for replacing the London Interbank Offered Rate (LIBOR) nears its conclusion, existing contracts that do not provide for the use of a replacement ...

Background: Why is LIBOR Going Away? LIBOR has played a critical role in the financial industry for more than 50 years. As of 2018, more than U.S. $200 trillion of financial contracts were pegged to ...

Citi is issuing this press release to provide notice that, after the Cessation Date, the relevant USD LIBOR rate in each Legacy LIBOR Instrument is planned to be replaced with the CME Term SOFR ...

Differences in LIBOR replacement rates could upset complex deal structures. Floating rate debt instruments for commercial real estate loans and many other forms of financing have for decades relied on ...

Head of AI innovation initiatives at ABBYY. I write about AI, innovation and how global enterprises can achieve a competitive advantage. The discontinuation of the LIBOR interest rate, the most widely ...

LIBOR has taken longer to exit the stage than Lawrence Olivier, but the final curtain call is coming for the index. The Consumer Financial Protection Bureau (CFPB) has now finalized the rule for how ...

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