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Benchmarks Accrual Requirements

King & Spalding

The End of an Accrual Period? Replacing LIBOR Benchmark Rate

King & Spalding on

The U.K. Financial Conduct Authority (the “FCA”) announced on July 27, 2017 that it expects to eliminate the London Interbank Offered Rate (commonly known as “LIBOR”) as a benchmark rate by 2021. No hard deadline has been...more

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