ICAP launches New York Funding Rate as rival to Libor

06/11/2008 | Financial Times (free content) · Reuters

Interdealer brokerage ICAP plans to launch its daily New York Funding Rate poll today. The new survey measures one- and three-month bank-funding costs during the New York morning. Results will be released after 10 a.m., but the contributing banks' names will not be shown. The launch of the poll comes as many in the industry are questioning the accuracy of the dollar Libor.

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Financial Times (free content) · Reuters

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