Good question if LIBOR does not exist, then is LIBOR 0%. Or is your contract/note now void for uncertainty? Is there an acceleration clause?
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A community service court sentence for Barclays: 'provide a synthetic Libor rate for ARMs'
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Heh. One country shudnt hook tons of finanz settings to an index set in another country. I recall laffing at this in 1994. Moar laffs now
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A big question - especially given the preferred replacement rate chosen to be the successor
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