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American Financial Exchange’s Ameribor benchmark sets monthly volume record in April

( May 4, 2020, 22:31 GMT | Official Statement) -- MLex Summary: The American Financial Exchange’s Ameribor benchmark rose 4.3 percent to $58.2 billion in volume during April. That was the electronic exchange’s highest monthly volume since its December 2015 launch. Mid-sized banks are seeking US approval to use Ameribor as an alternative both to Libor and the officially designated alternative, the Secured Overnight Financing Rate, or SOFR, if regulatory support for Libor is withdrawn at the end of 2021.Statement follows in full. ...

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