Competing Benchmarks in the Transition from LIBOR
While significant momentum has built over the last few years around the Secured Overnight Funding Rate (“SOFR”), we have seen other alternative interest rates gain traction in recent months, especially as the initial December 31, 2021 deadline draws nearer.
In this post, we provide an overview of SOFR and compare it to some of the other competitor LIBOR alternatives that have emerged in recent months.
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