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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