With the expected phaseout of LIBOR reference rates at the end of 2021, issuers should take steps today to ensure they understand and are addressing exposure in new and legacy contracts.
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From: Government Finance Officers Association (GFOA)
The Transition Out of LIBOR: What State and Local Governments Should be Discussing with Their Financing Teams
The London Interbank Offered Rate (LIBOR) is a global benchmark interest rate calculated daily, and is the most widely used benchmark in the capital markets. State and...