A Bloomberg spokesperson said the discontinuation of BSBY, which lagged in the race to succeed the defunct Libor rate, was the result of the "limited" commercial opportunities. Bloomberg L.P. says ...
The Hague, Netherlands, June 28, 2023 – Shell International Finance B.V. (“Shell International”), has outstanding floating rate debt, being $500,000,000 Floating Rate Guaranteed Notes due 2023 ...
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB) announced today that, after June 30, 2023, 3-month CME Term SOFR, as administered by CME Group Benchmark Administration, Ltd. (or any successor ...
With the upcoming cessation of the London Inter-Bank Offered Rate (LIBOR), the industry is now focused on taking the necessary steps to transition away from the LIBOR benchmark to alternative indices, ...
The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services, announced that it has launched its new LIBOR Benchmark Replacement Index ...
New solution is part of DTCC’s Legal Notice System service, supporting the dissemination of benchmark information for over 100,000 securities which need to be updated before the June 2023 Libor ...
Citi is issuing this press release to provide notice that, after the Cessation Date, the relevant USD LIBOR rate in each Legacy LIBOR Instrument is planned to be replaced with the CME Term SOFR ...
Citi, as the determining person for each Legacy LIBOR Instrument listed on Annex 2, has determined that the Board-selected benchmark replacement will be the replacement for USD LIBOR in each such ...
WASHINGTON, Dec. 22, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the replacement indices for the legacy LIBOR loans and securities for which Fannie Mae is responsible for selecting ...
The Federal Reserve Board adopted a rule that will officially set the Secured Overnight Financing Rate (SOFR) as the fallback benchmark rate in financial contracts that reference the expiring London ...
The Libor replacement benchmark that regulators and much of the financial industry has focused on may not be appropriate for every type of transaction, but lenders opting for an alternative to the ...
President Joe Biden on Tuesday signed a $1.5 trillion omnibus funding bill that includes a replacement framework for outstanding financial contracts tied to LIBOR. New contracts based on the London ...
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