Synthetic Libor settings confirmed

Category: ABS CLOs CMBS

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Synthetic Libor settings confirmed
The UK FCA has confirmed that to avoid disruption to legacy contracts that reference the one-, three- and six-month sterling and Japanese yen Libor settings, it will require ICE Benchmark Administration to publish these settings under a 'synthetic' methodology, based on term risk-free rates, for the duration of 2022.

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