Tag: Secured Overnight Funds Rate

news-26102024-040830

SOFR vs. LIBOR: Understanding the Transition to the Secured Overnight Funds Rate

LIBOR, or the London Inter-Bank Offered Rate, was a benchmark interest rate that was used in various financial contracts. However, due to manipulation by financial institutions, the publication of LIBOR ceased entirely in September 2024. This left many contracts...
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