This is an update to a previous post. This update highlights the formal endorsement of Term SOFR by the ARRC, expands the discussion to include Ameribor and dives more deeply into the issues ...

Explore the financial concept of swaps: contracts allowing cash flow exchanges between parties and understand the impact they have in the financial market today.

A swap bank is an institution that acts as a broker to two unnamed counterparties who wish to enter into an interest rate or currency swap agreement.

Mismatch NIM when duration is overnight is one-ninth of the Fed Funds rate. However, when we shift the duration of equity using swaps, it will take on other values that are dependent upon the average ...

Wednesday, the ARRC announced (HERE) the expectation to endorse CME’s Term SOFR in late July or early August. One of the bigger pieces to this announcement is the announcement that U.S. regulators ...