What Happens If the $370 Trillion LIBOR is Replaced? It Has Begun.

The LIBOR is a very important factor in the financial system. $370 trillion worth of financial transactions use the LIBOR today. But this is changing. New competition has formed and some people believe this could be very disruptive to the current financial landscape. Only time will tell.

London Interbank Offered Rate (LIBOR)
https://www.investopedia.com/terms/l/libor.asp
Secured Overnight Financing Rate - Federal Reserve Bank of New York
https://apps.newyorkfed.org/markets/autorates/sofr
3M USD LIbor 4.2.jpg (890×507)

Fannie Mae successfully prices bond using ‘alternative to LIBOR’ | 2018-07-27 | HousingWire
https://www.housingwire.com/articles/46216-fannie-mae-successfully-prices-bond-using-alternative-to-libor
Barclays Is First Bank To Sell Commercial Paper Linked To Libor Alternative | www.bullfax.com
https://www.bullfax.com/?q=node-barclays-first-bank-sell-commercial-paper-linked-libor-
Understanding the Libor Scandal | Council on Foreign Relations
https://www.cfr.org/backgrounder/understanding-libor-scandal
Student Loans Owned and Securitized, Outstanding | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/SLOAS
99.3% Of Demonetised Money Returns To RBI, Report Shows - BloombergQuint
https://www.bloombergquint.com/demonetisation-one-year/2018/08/29/9915-of-demonetised-money-returns-to-rbi-report-shows#gs.cTKGiKU