Cut off hundreds of millions in aid. After months of protests if you will demand says it will free all Political Prisoners and close in the tourist close encounter. And a trusted aide not enemy number one doesnt trump slams his former chief strategist steve bannon saying hes lost is by. Far a small help all the days sport including one of the most prestigious football awards in the world will be handed out on thursday well tell you who is favored to take home african player of the year. A very warm welcome to the news hour palestinian leaders say they wont be blackmailed after u. S. President donald trump threatened to costs aid worth more than three hundred Million Dollars a year made the statement on twitter the latest sign his frustration is now im seeing over the lack of progress in the middle east Peace Process if he does follow through on this threat it would affect the lives of millions of palestinians who rely on aid from ramallah in the occupied west bank with reports. For. A
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ICICI bank makes its first interbank-money market transaction linked with SOFR
Mumbai |
Updated on
January 21, 2021
ICICI Bank on Thursday said it has executed its first interbank-money market transaction linked with Secured Overnight Funding Rate (SOFR) through its Hong Kong branch.
This transaction is part of the bank’s Benchmark Transition Management plan to assess the preparedness towards a smooth transition to the new Alternative Reference Rates (ARRs), the Bank said in a statement.
SOFR has been identified as the replacement for USD (US Dollar) LIBOR (London Interbank Offered Rate).
Globally, there is a move to migrate from LIBOR to transactions linked to ARRs and it is expected that fresh transactions after December 2021 would not be referenced to LIBOR, the Bank said.