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Questions and Answers
What will cease to be published by the Financial Benchmarks India Pvt. Ltd. after June 30, 2023?
What will cease to be published by the Financial Benchmarks India Pvt. Ltd. after June 30, 2023?
- London Interbank Offered Rate (LIBOR)
- New York Interbank Offered Rate (NYIBOR)
- Mumbai Interbank Forward Outright Rate (MIFOR) (correct)
- Indian Financial Benchmark Rate (IFBR)
What is the deadline for the complete transition from LIBOR?
What is the deadline for the complete transition from LIBOR?
- June 30, 2022
- July 1, 2023 (correct)
- June 30, 2023
- July 1, 2022
What have banks and financial institutions been advised to ensure regarding transactions after June 30, 2023?
What have banks and financial institutions been advised to ensure regarding transactions after June 30, 2023?
- To avoid using any benchmark rates
- To ensure that no new transactions undertaken by them or their customers rely on or are priced using the U.S. Dollar LIBOR or MIFOR (correct)
- To rely on the U.S. Dollar LIBOR or MIFOR
- To continue using LIBOR until a new benchmark rate is announced
