US Companies Clamoring for Standardized SOFR Rate to Ease Their Libor Systems’ Transition
By Neil Roland
April 2, 2021, MLex
US corporate treasurers are calling urgently for a single approach to calculating the Secured Overnight Financing Rate that has been designated to replace Libor.
Most participants in a webinar last week, which consisted of six treasurers and representatives of two trade organizations, said a uniform way to determine the rate would ease the costly transition of their computer systems to SOFR.
full article
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