Page 7 - Alternative Reference Rates News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Here is some background about the end of Libor and what comes next so you can be prepared to advise your clients on the issues.

Yes Bank executes its first trade borrowing transaction linked to SOFR April 09, 2021 × SOFR is an identified replacement for USD LIBOR (London Inter-Bank Offered Rate), which is likely to be phased out at the end of 2021. Private sector lender Yes Bank has executed its first Secured Overnight Financing Rate (SOFR) linked transaction. SOFR is an identified replacement for USD LIBOR (London Inter-Bank Offered Rate), which is likely to be phased out at the end of 2021. “The transaction was a trade borrowing availed from Wells Fargo Bank and will provide further impetus to the bank’s expo...

With only ten months left until the phase-out of the London Interbank Offered Rate (" LIBOR"), transition efforts should be well underway. In this bulletin, we discuss the ICE Benchmark Administration (the " IBA") and/or the Financial Conduct Authority's (the " FCA") expected announcement about the official cessation of LIBOR, and highlight the modified timelines for transitioning from LIBOR to an alternate risk-free rate (" RFR") recommended by the relevant working groups. 1.  Expected Announcement on LIBOR Cessation On January 25, 2021, the administrator of LIBOR, the IBA, concluded its co...

India's NBFCs need to plan for an effective IBOR (Interbank Offered Rate ) transition, as majority of LIBOR (London Interbank Offered Rate) rates are likely to be phased out by the end of 2021, EY India report said.

New Delhi, Feb 22 : India's NBFCs need to plan for an effective IBOR (Interbank Offered Rate ) transition, as majority of LIBOR (London Interbank Offered