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Libor Replacement Race Picks Up With Ameribor Swap Debut

  • Handful of U.S. rates vying for market share when Libor ends
  • Libor’s final retirement date may be delayed until mid-2023
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Photographer: Simon Dawson/Bloomberg
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The push to replace Libor is heating up, with the American Financial Exchange completing its first interest-rate swap linked to the alternative Ameribor benchmark.

The self-regulated exchange, which facilitates the determination of Ameribor, said it completed a transaction worth a notional $24 million on Tuesday. The deal “marks an important moment for Ameribor as it becomes a viable standard for swap markets,” the exchange said.