in the morning
The key LIBOR rate for credit markets is going to be modernized. City of London, New York Wall Street and regulators on both sides of the Atlantic are seeking a compromise in defining rules for calculating the global interbank rate systemic for institutionalized global usury. LIBOR replacement is planned for next year.
LIBOR (London Interbank Offered Rate) – the initial rate that is used on the interbank market, as well as in international commercial agreements to determine the interest on borrowed money. It was adopted in the 84th year and since then has not undergone any special changes.
LIBOR is set daily by the British Banking Association (BBA) for loans in ten currencies. Survey data from 16 largest banks are used to determine the rate. Every day in the morning, banks inform about the rates at which loans in foreign currency are provided. In this case, the four highest and four lowest rates are cut off, and the arithmetic average is calculated for the remaining eight. She becomes the rate of the day. The rate is calculated both for a day, that is, until 12:00 of the next business day, and for weeks, months and a year. Continue reading
Alexander Zhurba, Managing Director and Co-Founder of Genezis Capital Fund, formulated 100 facts that he learned by the age of 27 about life and business. Recommended reading, it’s worth it.
1. Life and business consist of a large number of boring, boring and banal things, having done that, you suddenly get the very thing that you are not ashamed to give an interview about.
2. People are different, but basically want the same thing. Old Man Maslow was right.
3. Real values are much harder to create than their appearance. For the second, you need only a good PR man and a lot of imagination. The first is usually more complicated – there are numbers.
4. People are lazy. They do not want to think, test and prepare. To finish, lose because of this a lot of things and do it right is more usual than doing it right from the very beginning. Continue reading