If LIBOR will not be available for new contracts, what is the point of IBA continuing to provide USD LIBOR quotes until mid-2023? Those LIBOR quotes will allow many existing contracts to mature according to their terms, thus greatly reducing the costs and risks of this transition.
The Reserve Bank Board announced an extension of the TFF following its September meeting. This amounts to an additional 2 per cent of credit, and is available to be drawn until June 2021. [7] Why did the Board take this decision?