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Interest calc consolidation - monthlies vs annuals??
Hi there, I cannot get monthly interest amounts to reconcile to annual interest amount. Suppose we assume that interest for a given period = rate% x opening balance. There are two problems with reconciling the monthlies vs annual calcs: 1.In a given year, you might have a lot of drawdowns in the...
The end of LIBOR
Is anyone quoting the Secured Overnight Financing Rate (SOFR) + a spread for real estate loans yet? I have not gotten any traction with sponsors using prime as a benchmark and I'm curious what the RE world will use when LIBOR goes away. SOFR seems like a logical option but I haven't seen any loan...
Caculate a total return index from Libor indices
Hi everyone, I am looking to recreate a total return index for Libor rates (1 month and 3 month) similar to the ones in Bloomberg as they were discontinued after June 2018. I tried something very simple such as Daily Return on Libor 1 month * (30/360) to get an approximation but my result is very...
Calculating/Finding LIBOR Forward Curve
Would like to incorporate the forward curve into my models to get a better (or more conservative) reflection of what my interest rate payments will look like when debt is a certain spread over LIBOR. Is there either A) a website that can make the calculations B) an Excel tool I can integrate? Would...
LIBOR VERSUS PRIME RATE
Hello Everyone, I am curious if anybody has experience in terms of financing properties. When taking out a loan for RE, is it an industry standard to always try and obtain a LIBOR rate rather than the Prime? In every forum, it seems that all these firms are using LIBOR as their index + a spread. Can...
Margin on LIBOR/EURIBOR/etc.
I am working on a model an equity research model for a company which has term loans with bullet repayment, and interest rates of "margin (2%) + LIBOR". Does anyone know what LIBOR is correct/most commonly used as base rate, in terms of 1 month, 3 months, etc.?
3-month GBP LIBOR Forward Curve
Hello everyone, I am modelling a debt financing structure for a real estate acquisition. The senior tranche is priced as a floating rate of X% over LIBOR. I don't have access to BBG at the moment and would hugely appreciate if someone could provide a table of 3-month GBP LIBOR forwards for the next...
FED seeks LIBOR Alternative!
On September 4 2014 Federal Reserve governor Jerome Powell announced that the FED is looking for an alternative to LIBOR …any thoughts and ideas for a suitable replacement? The LIBOR (London InterBank Offered Rate) - initialized in 1986 as the ‘benchmark interest rate’ for futures contracts...
Future USD Libor 3month - for budgeting/CF purpose
Hi How can I find good forecasts for the future USD LIBOR 3month? Or how can i calculate it and what input data should I use? Can anyone help me with some data here? Maybe from Bloomberg? Or show me were I can find it or how to calculate it? I am going to make some some scenarios for a loan were...
LIBOR Curve
Its been a while since I've had to use Bloomberg to look up the LIBOR curve for modeling purposes. Usually was able to get it from our DCM desk, plus LIBOR wasn't expected to be higher than the floors we set. In a totally different situation/market now. Can someone tell me what function they use and...
Your Thoughts on 2012
So 2012 is essentially over and it's been an interesting year by all accounts. I think it's been a fairly bad year, both geopolitically and in terms of finance (although for myself it's been quite good!). Some of my key moments of 2012: LIBOR - Global hatred of bankers reached new highs this year...
LIBOR Manipulation Scandal: Ignored by Media
Although there has been a great amount of attention focused on Wall Street "scandals" lately there has been little to no press coverage of a potential scandal involving many banks that are being investigated in the United States, United Kingdom, and Japan. It is being called The Wall Street...
What do Bruce Wayne and Connecticut have in common? Libor.
Since the tragic Connecticut massacre, some uncanny new information has come to light. Could be a coincidence, could be part of a much larger scheme to cover up the New World Order which is being orchestrated by Romney, Obama's puppy and hologram Reagan. YOU DECIDE. "In the wake of the mass murders...
Fixed LIBOR, explain to me please
I was talking to someone today, and he told me that there is a LIBOR and a Fixed LIBOR, and you have to add a margin to each. I'm kinda a newbie, and I don't quite understand the difference between the two. Can someone please kindly explain?
Gas prices: 'Libor-like' manipulation
FSA EXAMINES GAS PRICE FIXING UK regulators are investigating an alleged attempt to manipulate prices in the wholesale gas market similar to the LIBOR interest rate fixing scandal in the banking sector earlier this year, The Guardian reports . The Financial Services Authority (FSA) and Ofgem are...
My Solution for the LIBOR Scandal
The saddest part about the Libor scandal is that I'm not surprised. The New York Times published a graphic on July 10--"Behind the Libor Scandal"-- that explains exactly what happened during the past seven years and why. It explains how Libor, the London InterBank Offered Rate, is calculated. And it...
Diamond Bites The Dust
So Bob Diamond has resigned as CEO of Barclays , the day before his hearing at the UK Treasury and just hours after a senior employee of Barclays said he was willing to go all out and reveal details of dealings between regulators and his bank if he was questioned too hard. Has he gone because he...
Recent move in 3M LIBOR
Does anyone have any insight into what is driving 3-Month LIBOR lower as of late? Ever since the new year it's been trending lower. Thanks.
Fed announcement on LIBOR
With the Fed announcing that the Fed funds target will remain at near zero for thr next two years, wouldn't the front and belly of the LIBOR curve be decreasing and flattening? Also, wouldn't that mean that the market for interest rate swaps to fall, as no one is interested in going floating to...
Newbie question on LIBOR referenced in loan spreads
This is a bit of a dumb question - but when you see loans with spreads, so like senior debt L+400 or sub debt L+800, how do you know right away which LIBOR rate it's referring to? Do you just go by the length of the debt? So if it's a 5 yr term loan it's the 5 yr LIBOR + spread? Or when LIBOR is...
Falling LIBOR?
Can anyone give some insight on why LIBOR keeps falling? 1mo is at .20025 which I didn't see happening. How far do you think it will go?
Forward Libor Rates
I am in the middle of building an lbo model and was hoping someone could suggest a free site where I might be able to get forward LIBOR rates for my debt schedule. If such a site does not exist, would someone mind pulling some rates through 2014 for me from Bloomberg? Thanks, I would really...
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