Discontinuation of LIBOR – applied to PFI Projects
for interest rates, floating to fixed rate swap, and other interest rate derivative hedging arrangements. 15. In PFIs LIBOR is typically used as the floating rate reference cost of private sector ... synthetic LIBOR in all contracts except cleared derivatives in 2022. 7 What is SONIA? 18. Unlike LIBOR, SONIA is based on large volumes of actual ...
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