Banks operating in Egypt tend to replace LIBOR with SOFR as reference rate for dollar certificates, deposits ...Egypt

Banks operating in the Egyptian market are heading to use the American Secured Overnight Financing Rate (SOFR) as a replacement of the London Interbank Offered Rate (LIBOR) in setting interest rates of dollar certificates. The LIBOR has been widely used since the 1970s as a reference rate for (...)

Read More Details
Finally We wish PressBee provided you with enough information of ( Banks operating in Egypt tend to replace LIBOR with SOFR as reference rate for dollar certificates, deposits )

Also on site :

• The Beths Announce North American Tour Dates Alongside New Single, ‘Metal’
• Four dead after car crashes into after-school camp in US state of Illinois
• Child Damages $56 Million Rothko Painting in Rotterdam Museum