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 (...)

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Last updated : 09 Dec 2022 clock 12:24 PM

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

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