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Report: Estimates of future Upper Colorado River Basin water use confound planning
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Intercontinental Exchange: ICE Announces Record Activity in Gilts and Sterling Rates Complex
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Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that ICE Benchmark Administration Limited ( IBA ) has launched an initial, beta version of ICE SONIA Indexes for information and testing purposes. IBA has also published a methodology paper introducing the Indexes.
The ICE SONIA Indexes provide a daily value that represents accrued compound SONIA interest relative to the first day value of 100 on April 23, 2018, the date when the Bank of England took over responsibility for SONIA. The ICE SONIA Indexes offer additional optionality to add a floor and lookbacks. The Indexes have been developed to support the varying needs of the UK lending market and are designed to provide a simple method for parties to calculate SONIA compound interest between any two index dates and agree on their associated interest accruals.
Committee Reports
House Small Business Development Incentives and Education Workforce Subcommittee
Subcommittee Chairman Dale Washburn (R-Macon) called up one bill, HB 611, authored by Representative Mike Cheokas (R-Americus). HB 611 seeks to provide a new definition in O.C.G.A. 50-5-121(3) for the term, ‘small business.’ This legislation was brought to the General Assembly by Scott Hilton with the Georgia First Commission. The new definition creates three tiers:
Tier 1 - 10 or fewer employees or $1 million or less in gross receipts per year;
Tier 2 - 100 or fewer employees or $10 million or less in gross receipts per year; and
Tier 3 - 300 or fewer employees or $30 million or less in gross receipts per year.
Report: Estimates of future upper Colorado River basin water use confound previous planning
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