Investment banks seeking replacement for Libor

04/17/2008 | Wall Street Journal, The · Financial Times (free content)

Investment banks are exploring replacements to a key benchmark for short-term interest rates, the London interbank offered rate, amid frustration with the way that the index is constructed. Libor is used for settlement of interest rate contracts on many of the world's futures and options exchanges.

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Wall Street Journal, The · Financial Times (free content)

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