Schneider Nationalis a leading transportation and logistics services company providing a broad portfolio of premier truckload, intermodal and logistics solutions, and operating one of the largest for-hire truck
Instead, a simple average or compounded average of overnight SOFR rates for an interest period might be made to apply in lieu of a term rate. A further complication with an overnight rate arises because, unlike term LIBOR rates, the amount of interest payable on a loan interest repayment ...