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

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Banks operating in Egypt tend to replace LIBOR with SOFR as reference rate for dollar certificates, deposits
source : Masress ( Egypt ) () 27
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 (...)

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