Daily News: October 20, 2017

Reuters: Companies Experimenting with LIBOR Alternatives


Reuters reported that companies, including JDA Software and LPL Financial, are adding language to credit agreements to replace the LIBOR standard,which is being discontinued at the end of 2021.

According to Reuters, LIBOR lost credibility as a reference rate after an investigation revealed a handful of notable banks had manipulated the rate for profit sharing as far back as 2003.