US Markets Building Liquidity in the SOFR Market
On Friday, the CME announced they will start publishing Term SOFR Rates for 1-month, 3-month and 6-month tenors.
The GTreasury Blog
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FCA, IBA & ISDA Announcement About LIBOR Discontinuance
Friday, March 5, 2021, the official groundwork was laid to discontinue LIBOR by the FCA, IBA and ISDA.
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Top 5 Common FX Risk Management Mistakes
As companies implement and run foreign currency (FX) risk management programs, they need to be aware of some common mistakes. Not all treasuries will encounter every mistake, but they are sure to encounter at least one of these—if not now, then in the not-too-distant future.
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LIBOR Extended Through June 2023
In unexpected news today, the end of USD LIBOR has been extended to June 30, 2023.
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FASB Proposes ASU Expanding Reference Rate Reform
Late last week, the Financial Accounting Standards Board (FASB) issued an exposure draft expanding the scope of Topic 848 to include derivatives that are discounted, but not reset, using rates subject to reference rate reform (RRR). The proposed amendments target contracts with calculations (other than resets) referencing IBOR rates, e.g. margining, discounting or price alignment.