LIBOR fades into history after 50 years of benchmark dominance
Edited By WION Video Desk
Published: Jun 30, 2023, 05:10 IST | Updated: Jun 30, 2023, 05:10 IST
LIBOR, the more than 50-year-old reference rate that came to epitomize Wall Street malfeasance, will soon be no more. SOFR, or secured overnight financing rate, a benchmark interest rate for Dollar-dominated derivatives & loans, is slowly taking its place.
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