Examples of Swiss franc LIBOR in a sentence
WEKO has also granted UBS conditional immunity in connection with potential competition law violations related to submissions for Swiss franc LIBOR and certain transactions related to Swiss franc LIBOR.
Pursuant to the latest FCA announcement, publication of (i) all euro LIBOR and Swiss franc LIBOR settings, the spot next, 1-week, 2- month and 12-month Japanese yen LIBOR settings, the overnight, 1-week, 2-month and 12-month sterling LIBOR settings, and the 1-week and 2-month US dollar LIBOR settings will cease immediately after 31 December 2021 and (ii) the overnight and 12-month US dollar LIBOR settings will cease immediately after 30 June 2023.
Government investigations and civil lawsuits have revealed widespread collusion among banks to manipulate benchmark interest rates for multiple currencies (U.S. Dollar LIBOR, Euribor, Yen LIBOR, Swiss franc LIBOR) during the Class Period.
Exploit- ing the time variation of aggregate interest rates to identify the effect of actual interest rate changes on mortgage choice proved to be impossible: The 3 month Swiss franc LIBOR interest rate – which is relevant for mortgage pricing – was at historically low levels in the time period considered: It varied only marginally between 0.04 % and 0.02 %.
The Working Group on Sterling Risk-Free Reference Rates in the United Kingdom chose the Sterling Overnight Index Average (SONIA) to replace British pound sterling LIBOR; the Study Group on Risk-Free Reference Rates in Japan chose the Tokyo Overnight Average Rate (TONAR) to replace yen LIBOR and to serve as an alternative to the Tokyo Interbank Offered Rate (TIBOR); and the National Working Group in Switzerland selected the Swiss Average Rate Overnight (SARON) to replace Swiss franc LIBOR.
Plaintiffs have appealed.CHF LIBOR litigation – In February 2015, various banks that served on the Swiss franc LIBOR panel, including Credit Suisse Group AG, were named in a civil putative class action lawsuit filed in the SDNY, alleging manipulation of Swiss franc LIBOR to benefit defendants’ trading positions.
For the avoidance of doubt, the “Releasing Parties” include all Persons entitled to bring claims on behalf of Settling Class Members relating to their transactions in Swiss Franc LIBOR-Based Derivatives or any similar financial instruments priced, benchmarked, or settled to Swiss franc LIBOR held by Representative Plaintiffs or Settling Class Members (to the extent such similar financial instruments were entered into by a U.S. Person, or by a Person from or through a location within the U.S.).
The public consultation held by the Commission has confirmed the appropriateness of calculating a fixed spread adjustment based on the historical median spread between Swiss franc LIBOR and the SARON Compound Rate concerned over a five-year lookback period up to 5 March 2021.
The NWG has already established an important basis for replacing the Swiss franc LIBOR with the introduction of the Swiss Average Rate Overnight (SARON).
Errorz-StatisticProb.SFR(-1)0.9996970.000224539.7860 Variance Equation C0.0002031.27E-0515.973150ARCH(1)0.0968980.00407323.78920GARCH(1)0.8870330.004438199.89340R-squared0.997944Mean dependent var 4.865026Adjusted R-squared0.997943S.D. dependent var 2.436571S.E. of regression0.110518Akaike info criterion -1.97307Sum squared resid64.72335Schwarz criterion -1.96811Log likelihood5235.599Durbin-Watson stat 2.083494 Table A.1: Results for GARCH(1,1) estimation of Swiss franc LIBOR rates.