Financial firms can’t seem to come to an agreement on the unofficial “pre-cessation” trigger that will signal the beginning of the end for Libor. Meanwhile, SOFR faces some controversy.
Steady pickup in money markets using the Secured Overnight Financing Rate is helping financial industry participants formulate fallback language for existing financial products that use Libor.
A month on from the news that US dollar Libor could have yet another replacement, CT speaks to experts - including those from ISDA - to find out what it could mean for treasury departments in the region.
CT’s inaugural Hong Kong conference saw over 200 treasury-related professionals enjoy a day of thought-provoking discussion centred around the future of treasury in an increasingly digital and tech-savvy world
It’s not just the US Fed that is seeking to increase interest rates – other central banks are poised to follow suit. Corporate treasurers with hedged debt need to respond.