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Global Derivatives Cling to Libor Even as Its Finale Nears – Bloomberg

Anyone hoping Libor’s death notice would accelerate the shift of hundreds of trillions of dollars worth of derivatives toward replacement benchmarks will be sorely disappointed. In the U.S, just 4.7% of contracts traded in March were pegged to the Secured Overnight Financing Rate, or SOFR, the benchmark slated to replace the London interbank offered rate, […]

Transition to SORA: New Timelines to Cease Issuance of SOR Derivatives and SIBOR-linked Financial Products and Others – Lexology

Introduction To reinforce the shift to a Singapore Overnight Rate Average (“SORA“)-centered SGD interest rate landscape and provide additional guidance on cessation timelines, the Steering Committee for SOR & SIBOR Transition to SORA (“SC-STS“) published a report on 31 March 2021 (“Report“) announcing the following new timelines for financial institutions (“FIs“): FIs to cease usage […]

OTC derivatives and ESG finance – what role can they play? – Lexology

According to Bloomberg, in 2020, the global market for sustainable debt grew to $732bn, an increase of 29 per cent on 2019. A significant part of the market was the issuance of ESG (environmental, social and governance) linked bonds and loans. These are financing products where the economics of the transaction are in some way […]