By SIMON CONSTABLE
A benchmark borrowing cost known as the secured overnight financing rate, or SOFR, is gaining traction as a replacement for the better known but sullied Libor as the rate underpinning a range of global debt instruments. Read more here.
A benchmark borrowing cost known as the secured overnight financing rate, or SOFR, is gaining traction as a replacement for the better known but sullied Libor as the rate underpinning a range of global debt instruments. Read more here.
Avsankur©, CC BY-SA 4.0, via Wikimedia Commons
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