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Expert Analysis

Post-Libor Rate Comes With Interest Accrual Concerns

By Thomas Volet ( October 2, 2019, 5:37 PM EDT) -- The Alternative Reference Rates Committee, or ARRC, convened by the Federal Reserve in 2014, released its Recommendations Regarding More Robust Fallback Language for New Originations of LIBOR Syndicated Loans on April 25,[1] including a preferred successor to Libor as the benchmark interest rate for use in financing transactions, including syndicated lending and other credit products.[2]...

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