from Reuters: Business News https://ift.tt/30Zgk7v
Monday, October 7, 2019
Factbox: The global benchmarks replacing Libor
Libor is an interest rate based on quotes from banks on how much it would cost to borrow money from each other. It is a price reference for financial contracts worth more than $300 trillion globally, from complex derivatives to home loans and credit cards.
from Reuters: Business News https://ift.tt/30Zgk7v
from Reuters: Business News https://ift.tt/30Zgk7v
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