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Contact: Maya Zafrir, Chief Marketing Officer | maya.zafrir@leumiusa.com
Everything you need to know about the upcoming transition away from LIBOR
What is LIBOR? LIBOR (London Interbank Offered Rate) is a benchmark rate that represents the amount banks would pay to borrow from one another on an unsecured basis. There are over $200 trillion in financial contracts tied to LIBOR. Why is it going away? A lack of underlying transactions that the index is meant to … Read more