The U.S. dollar London Interbank Offered Rate (Libor) publication is scheduled to end by June 30, 2023. With roughly nine months to go as of this writing, parties still have time.
The U.S. dollar London Interbank Offered Rate (Libor) publication is scheduled to end by June 30, 2023. With roughly nine months to go as of this writing, parties still have time to.
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Ready or not, borrowers are involuntarily seeing changes in the
interest rates they are being charged. Why, you ask? Because there
are serious, systemic risks associated with the most widely used
interest rate basis in the world - the London Interbank Offered
Rate (or LIBOR), including the LIBOR Rate for U.S. Dollar
denominated loans and other financial products (USD LIBOR). The
situation is so serious that regulatory authorities have said that given
consumer protection, litigation, and reputation risks, [they]
believe entering into new contracts that use USD LIBOR as a