Examples of NY Federal Reserve in a sentence
According to the NY Federal Reserve, "specials" are repos for specific-issue collateral which take place at cash-lending rates below those for general collateral repos because cash providers are willing to accept a lesser return on their cash in order to obtain a particular security.
SOFR is filtered by the NY Federal Reserve to remove a portion of the foregoing transactions considered to be "specials".
Although the NY Federal Reserve has also begun publishing historical indicative SOFR going back to 2014, such pre-publication historical data inherently involves assumptions, estimates and approximations.
The rate is released by the NY Federal Reserve each day at approximately 9:00 a.m. EST for the prior business day and published on Bloomberg page “FEDL01 Index”.
The NY Federal Reserve reports that SOFR is calculated as a volume-weighted median of transaction-level tri-party repo data collected from The Bank of New York Mellon, which currently acts as the clearing bank for the tri-party repo market, as well as General Collateral Finance Repo transaction data and data on bilateral Treasury repo transactions cleared through the FICC's delivery-versus-payment service.
As a result, the NY Federal Reserve Bank convened a meeting of the major banks and investment banks and “encouraged” them to take over LTCM to stave off a disorderly bankruptcy.5 LTCM is the classic example of a single fund having the ability to systemically damage the financial markets.
Rigsrevisionen considers it positive that the Ministry of Food, Agriculture and Fisheries has made a service check and that ineffective schemes under the Rural Development Pro- gramme were closed down.
SOFR differs fundamentally from, and may not be a comparable replacement for, USD LIBORThe NY Federal Reserve began to publish SOFR in April 2018 and began publishing SOFR Averages (a SOFR Index) in March 2020.
The Federal Reserve Bank of New York notes on its publication page for SOFR that use of SOFR is subject to important limitations, including that the NY Federal Reserve may alter the methods of calculation, publication schedule, rate revision practices or availability of SOFR at any time without notice.
The NY Federal Reserve states on its publication page for SOFR that use of SOFR is subject to important disclaimers, limitations and indemnification obligations, including that NY Federal Reserve may alter the methods of calculation, publication schedule, rate revision practices or availability of SOFR at any time without notice.