Tag: (SOFR):
Secured Overnight Financing Rate (SOFR): meaning, how it works & more
The global market has seen pivotal changes that have affected the general manner business is executed. One such change is the introduction of the Secured Overnight Financing Rate (SOFR) which has recently replaced the London Interbank Offered Rate (LIBOR) in the United States and most nations globally. This article seeks to offer clarity on the …
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