On June 1, 2022, the Credit Derivatives Determinations Committee announced that Russia’s failure to pay approximately $1.9 million in interest that had accrued between the maturity date of Russia’s ten-year bonds on April 4,...more
I. What’s the issue?
The London Interbank Offered Rate (“LIBOR”) is the most widely used interest rate benchmark in the world, referenced in some $373 trillion notional value of financial transactions of all types. But...more