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KM Financial Solutions | RPT-EXPLAINER-What is SOFR? The new U.S. Libor alternative
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RPT-EXPLAINER-What is SOFR? The new U.S. Libor alternative

02 Apr RPT-EXPLAINER-What is SOFR? The new U.S. Libor alternative

Posted at 10:00h in News by
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April 3 (Reuters) – The New York Federal Reserve on Tuesday
will begin to publish the Secured Overnight Financing Rate
(SOFR), a rate that regulators hope will eventually be adopted
to back U.S. dollar-based derivatives and loans. The aim is that
the new rate will eventually reduce markets’ dependence on
Libor.

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