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Bank of Japan Decision to End Negative Interest Rate Policy Influences OIS Rate
By Saracen Fletcher
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Interest Rate Derivatives
Interest Rate Derivatives Updates: March 2024
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Energy & Commodities
Jet Fuel Demand Shows Promising Signs of Recovery
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USD Corporate Bond Sales Reach Record $228 Billion in February 2024
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Product notification
25 new USD SOFR Butterfly Spreads added to package
By Ian Sams
13 Feb 2023
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AMERIBOR (American Interbank Offered Rate) is a new alternative reference rate (ARR) for the U.S. dollar interbank lending market. As a benchmark it is designed to replace the current reference rate, the London Interbank Offered Rate (LIBOR), which was phased out at the end of 2021.
AMERIBOR has been published by the American Financial Exchange (AFX) since 2015. Unlike SOFR, AMERIBOR is based on unsecured loans and therefore contains a credit component that is more indicative of true funding costs for a wide variety of financial institutions, typically with assets under $250BN.
AFX represents approximately 25% of all U.S. banks (source = AFX) and has traded more than $1 trillion since inception.
Key features of AMERIBOR include;
TraditionData’s SOFR packages provide the most robust, comprehensive and accurate view of the American Markets.
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