Digging into LIBOR’s likely replacement
Following up on our transition primer, “Leaving LIBOR,” we take a deeper look at SOFR, which will likely be the replacement rate in the United States.
In this piece we discuss the differences between LIBOR and SOFR, how the SOFR market has developed since its inception in 2018, and the steps that must be taken to ensure a smooth transition away from LIBOR.
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