Exit LIBOR, Enter NYFR?


	Exit LIBOR, Enter NYFR?

jcfalkenberg

5-1-2008 12:53 PM

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tags:

libor, markets

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2185348c-c977-49d2-b617-fe817104fabd/A495C0B5-5F7E-40CD-9252-3219BC09345F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://online.wsj.com/article/SB120961111616058589.html?mod=rss_whats_news_europe" href="http://online.wsj.com/article/SB120961111616058589.html?mod=rss_whats_news_europe" style="font-size: 11px;">online.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120961111616058589.html?mod=rss_whats_news_europe"><P class="times">A major brokerage firm plans to launch a new measure of U.S. interest rates in response to concerns about the accuracy of the current benchmark, known as the London interbank offered rate, or Libor.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120961111616058589.html?mod=rss_whats_news_europe"><P class="times">The rate system, which is being set up by <A href="http://online.wsj.com/quotes/main.html?type=djn&symbol=iap.ln" class="times rolloverQuote">ICAP</A> PLC, a London broker-dealer with offices in New York, is aimed at giving banks and market participants a new gauge of what it costs banks to borrow money. ICAP intends to start publishing the rate, which will be called the New York Funding Rate, or NYFR, as soon as next week, said Lou Crandall, chief economist at Wrightson ICAP.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A495C0B5-5F7E-40CD-9252-3219BC09345F/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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