Press release content from Business Wire. The AP news staff was not involved in its creation.
ICE Benchmark Administration Launches new U.S. Dollar Reference Rates webpage to assist the market with U.S. Dollar LIBOR® Transition
February 2, 2021 GMT
LONDON (BUSINESS WIRE) Feb 2, 2021
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announces that ICE Benchmark Administration Limited (IBA) has launched a new webpage to provide a comprehensive overview of all of IBA’s solutions designed to help stakeholders prepare for the transition to new U.S. Dollar interest rate benchmarks.
Date
02/02/2021
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announces that ICE Benchmark Administration Limited (IBA) has launched a new webpage to provide a comprehensive overview of all of IBA’s solutions designed to help stakeholders prepare for the transition to new U.S. Dollar interest rate benchmarks.
The webpage displays the following daily reference rates for one, three, six- and 12-month tenor periods, together with historical test results:
ICE Bank Yield Index rates (in indicative, beta form) - a credit-sensitive interest rate index designed to serve as a potential reference rate for U.S. Dollar commercial lending, which is 100%-based on executed transaction data;