Major global banks lend to one another with a stipulated standard interest rate called LIBOR. <\/p>

The Waterfall Methodology is used to calculate the rate which is a standardized, transaction-based, data-driven, layered method. <\/p>

Today because of manipulation, scandal, and methodological critique, LIBOR is less credible as a benchmark rate. <\/p>

So with the phase-out of its use beginning after 2021, on June 30, 2023, it will be replaced by the Secured Overnight Financing Rate (SOFR).<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

What does LIBOR stand for? LIBOR stands for London Interbank Offered Rate.\u00a0\u00a0 Everyday the rate is calculated and published by the Intercontinental Exchange (ICE), but these days it is being phased out because of recent… Continue Reading The Detailed Guide About LIBOR and Its Other Important Factors<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":6277,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[37],"tags":[47,1371,1372,72,1373,1374,1370],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.compareclosing.com\/blog\/wp-content\/uploads\/2021\/03\/The-Detailed-Guide-About-LIBOR-and-Its-Other-Important-Factors.jpg","_links":{"self":[{"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/posts\/6265"}],"collection":[{"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/comments?post=6265"}],"version-history":[{"count":5,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/posts\/6265\/revisions"}],"predecessor-version":[{"id":16013,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/posts\/6265\/revisions\/16013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/media\/6277"}],"wp:attachment":[{"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/media?parent=6265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/categories?post=6265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/tags?post=6265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}