Discover the BGM Model's role in pricing interest rate derivatives using LIBOR rates. Learn its applications, advantages, and insights for swaptions and caplets.

Ananth Narayan, former whole-time member (WTM) at the Securities and Exchange Board of India (Sebi), who retired last month, led the probe into Jane Street besides making important contributions in ...

LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...

LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today notes the final announcement from the U.K. Financial Conduct Authority (FCA ...

The London Interbank Offered Rate, or LIBOR—one of the most widely-recognized interest rate benchmarks of the past 37 years—will officially be retired today. The London Interbank Offered Rate, or ...

It has been an arduous process to get the financial system to stop relying on the tarnished interest-rate benchmark. By Joe Rennison The arduous, decade-long process to end the financial system’s ...

Companies that haven’t switched away from the scandal-plagued London interbank offered rate ahead of the June 30 deadline for the benchmark’s demise aren’t likely to disrupt credit markets, but they ...

LSEG’s post-trade division, LCH SwapClear, successfully completed the second and the final conversion last week, following the first USD Libor conversion event last month. LCH SwapClear completed its ...

Like slide rules and martini lunches, the London interbank offered rate (libor) was once a fine idea. In 1969 Iran’s central bank was looking for an $80m loan—at the time a hefty ticket for a ...

WiFi is great because it gives freedom, and while Ethernet still dominates in delivering better speed compared to WiFi, there is nothing like sitting anywhere you wish and working or enjoying a movie.

WASHINGTON — Breaking up is hard to do. Breaking up with an interest rate that is baked into millions of contracts worth trillions of dollars is even harder, but 2022 was the year the financial system ...