Examples of USD LIBOR in a sentence
The cessation date for all tenors of GBP, CHF, EUR, JPY LIBOR and the one week and two-month tenors for USD LIBOR is 31 December 2021.
The “Index” is a benchmark, known as the one-year U.S. dollar (USD) LIBOR index.
The Agent Bank will, on the Interest Determination Date in relation to each Interest Period, calculate (in accordance with these Conditions) USD LIBOR and the Rate of Interest payable in respect of each Note for such Interest Period.
Further, there is no assurance that the characteristics of any Benchmark Replacement will be similar to USD LIBOR, or that any Benchmark Replacement will produce the economic equivalent of USD LIBOR.
In addition, because SOFR is a transaction-based rate, it is backward-looking, whereas USD LIBOR is forward-looking.