Term SOFR rate still possible this year, benchmark firms say
Benchmark providers say forward-looking term rates linked to the replacement for US dollar Libor could be available as soon as the end of this year, at least in trial form. Transition officials had previously warned that insufficient liquidity in the underlying swaps market could thwart plans to produce a term benchmark by mid-2021.
Stelios Tselikas, chief operating officer at Ice Benchmark Administration (IBA), says the firm has made good progress toward building a term version of the secured
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