The countdown to replace the LIBOR benchmark is underway & with it comes uncertainty on how this herculean task will occur. Determining a fair compensating spread & dealing with legacy securities and contracts are of key concern. Who wins? Seems like it might be the financial and contract lawyers!
from Forbes Real Time http://www.forbes.com/sites/tortoiseinvest/2017/08/16/replacing-libor-the-countdown-begins/
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