LIBOR Phase Out of Sterling and US Dollar Markets

This article was produced by Haynes & Boone, a member of IPFA. 

After decades of service, LIBOR (London Interbank Offered Rate) effectively ceased to be used as an interest rate benchmark at the end of 2021 in most markets. Synthetic LIBOR will continue to be published for Sterling until the end of 2022 but only to support legacy deals that hadn’t transitioned to an RFR (Risk Free Rate) by the end of 2021.

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