While the London Interbank Offered Rate (LIBOR) was once arguably the most important short-term benchmark interest rate, it was also subject to rampant manipulation, scandal, and methodological critique, making it less credible today as a valid benchmark. The rate was slowly phased out starting ...
This benchmark pricing option is in addition to the Secured Overnight Financing Rate (SOFR) based pricing which DBS will continue to support and offer. The option of using BSBY is important and helpful for trade finance, especially for high-volume supply chain tran...
today announced it will launch interest rate futures based on the Bloomberg Short-Term Bank Yield Index (BSBY). These new contracts will be available for trading in Q3, with OTC clearing of BSBY swaps introduced in Q4, pending regulatory review. ...
Bloomberg reports the CFA Level II Success Rate Jumps Above Historic Average to 52%. Pat Luongo is starting a new position as senior vice president at Jefferies. Luongo was previously director of AES options at Credit Suisse. Have a great day and stay safe and treat people the same way you...
“UK regulators themselves have been particularly adamant of their views that Sonia is the most robust rate,” said Andrew Gray, global head of Brexit for financial services and UK lead on Libor transition at PwC. “It’s the least able to be impacted by market ...
Bank of America Private Bank is a division of Bank of America, N.A., MemberFDICand a wholly owned subsidiary of Bank of America Corporation (BofACorp.). "Bank of America" is the marketing name for the global banking and global markets business of Bank of Am...
Alternatively, if the Borrower has no issues with managing the payment requirements of Daily Simple SOFR, then they may prefer this rate today. I just have not seen or heard of too many Borrowers eager for an in-arrears rate. Issues with Term SOFR Swaps – Dealers will have mismatch issues...