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The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the LIBOR. SOFR is a benchmark rate administered by the Federal Reserve Bank of New York (New York Fed) which replaced the USD LIBOR in June 2023. SOFR itself is a backward-looking overnight rate because it is based on overnight transactions in the U.S. Treasury repo market. and is preferable to LIBOR since it is based on data from observable transactions rather than estimated future borrowing rates. While SOFR became the benchmark rate for dollar-denominated derivatives and loans, other countries have sought their own alternative rates, such as SONIA and EONIA.
Choose the correct option to fill blank 3.
Fill in the blanks.
Once upon a time there was.......MLA Who was fond of fighting.............MLA was very polite.
(a) The complete research theory is _________ on true facts and relevant observations.
(b) Rehaan used to play second ________ for his high schoo...
Scientists, __________ one of Indian origin, have __________ an ultra-thin device that can power your smartphone, fitness tracker and other gadgets usi...
Fill in the blanks with appropriate forms of modals from the alternatives given below each sentence.
The door ____ painting
Fill in the blanks with appropriate forms of modals from the alternatives given below each sentence.
_____ you rather have tea or coffee?
The CEO personally ensured that the trustees and the fiduciaries are financially ___________ in carrying out their duties.
It’s easy to be ………… , but difficult to ………………