On June 30, 2023, the US dollar London Interbank Offered Rate (Libor) bank panel stopped publishing its rates – or ‘settings’, as they are more properly known. The date marked the end of operations for the last remaining Libor panel.
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A handful of US dollar settings – for one-, three- and six-month tenors – will continue to be calculated synthetically until September 2024 to cater for some existing contracts, after which Libor will finally be a thing of the past.
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