Xignite Enhances Popular Interbanks and Rates APIs In Preparation for LIBOR Rates Transition Adds Four Alternative Risk Free Rates (RFRs)
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SAN MATEO, Calif., June 9, 2021 /PRNewswire/ Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced today it has enhanced the data coverage for its interbanks and interest rates APIs in preparation for the required transition from the London Interbank Offered Rate (LIBOR) benchmark interest rate at the end of 2021.
Xignite Adds Alternative Risk Free Rates in Preparation for LIBRO Transition
Used in financial products such as adjustable-rate mortgages, consumer loans, credit cards and derivatives, LIBOR has been the world s most widely used benchmark for short-term rates. But after the 2008 financial crisis the U.S. Federal Reserve recommended a new benchmark interest rate to replace the outdated and p
ISDA - Transition To RFRs Review: First Quarter Of 2021 Date
27/04/2021
The Transition to Risk-free Rates (RFRs) Review analyzes the trading volumes of over-the-counter (OTC) and exchange-traded interest rate derivatives (IRD) that reference selected alternative RFRs, including the Secured Overnight Financing Rate (SOFR), the Sterling Overnight Index Average (SONIA), the Swiss Average Rate Overnight, the Tokyo Overnight Average Rate, the Euro Short-Term Rate and the Australian Overnight Index Average.
Key highlights for the first quarter of 2021 include:
The ISDA-Clarus RFR Adoption Indicator, which tracks how much global trading activity (as measured by DV01) is conducted in cleared OTC and exchange-traded IRD that reference the identified RFRs in six major currencies, decreased to 9.8% compared to 9.9% in the fourth quarter of 2020.
Libor moves to its final chapter as U K sets end dates nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
Changing Interests reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
LIBOR â Are You Ready For Life Without LIBOR from end-2021? - Speech By Edwin Schooling Latter, Director Markets And Wholesale Policy At The FCA, Delivered At City & Financial s Managing LIBOR Transition Event On 26 January 2021 Date
Location: City & Financial s Managing LIBOR transition event
Delivered on: 26 January 2021
Highlights:
85% of uncleared UK derivatives market ready for the end of LIBOR as 12,500 firms sign the ISDA protocol
IBA consultation on proposed end-dates for LIBOR has now closed, opening the way to determining and announcing the future path for all 5 LIBOR currencies simultaneously
users of LIBOR should press ahead with transition plans – in their new business and their legacy LIBOR books