LIBOR

February 23, 2021

LIBOR is the London Interbank Offered Rate – used for many decades in a wide variety of financial products like small business loans and adjustable rate mortgages. LIBOR is being phased-out in favor of the Secured Overnight Financing Rate (SOFR).Why is it being phased-out?Mostly because of it’s volatility and lack of transparency. As a result,…
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