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US companies clamoring for standardized SOFR rate to ease their Libor systems' transition

By Neil Roland ( April 2, 2021, 20:22 GMT | Insight) -- US corporate treasurers are calling urgently for a single approach to calculating the Secured Overnight Financing Rate that has been designated to replace Libor. Most participants in a webinar, which consisted of six treasurers and representatives of two trade organizations, said a uniform way to determine the rate would ease the costly transition of their computer systems to SOFR.US corporate treasurers are calling urgently for a single approach to calculating the Secured Overnight Financing Rate that has been designated to replace Libor....

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