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SOFR

A record 91 per cent of new dollar swaps executed in May used the Secured Overnight Financing Rate (SOFR), the newly accepted US benchmark, as their reference rate.

Companies & Markets

US interest rate swap market embraces new rate as Libor deadline nears

New trades in the enormous US dollar interest rate swap market have almost entirely stopped using the London Interbank Offered Rate (Libor) as the deadline for its demise approaches.

2023-06-06T13:11:46.000Z

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