JPMorgan Chase & Co. executed a novel trade-finance transaction tied to the CME Group Inc.’s forward rates for the Secured Overnight Financing Rate, marking an advancement in the use of the Libor replacement.
The trade, arranged between two of the bank’s clients, was the first ever fully-automated deal in that sector of the firm’s business that was tied to term SOFR, JPMorgan said in a statement. It was linked to the CME Group Inc.’s 90-day forward for SOFR and was between Mumbai, India-based Reliance Industries Ltd. and an energy firm based in Singapore.
"trade" - Google News
August 24, 2021 at 02:04AM
https://ift.tt/3gqFd70
JPMorgan Taps CME Group's SOFR Forward Rate in Novel Trade Deal - Bloomberg
"trade" - Google News
https://ift.tt/2VQiPtJ
Tidak ada komentar:
Posting Komentar