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Over the years, the benchmark rate used by many issuers of money and
floating capital market securities has been the LIBOR. However, every soon
this is going to change. Your task is to research the following aspects of
LIBOR and why is it being removed and with what.
Some of the areas that maybe covered in this research, but not limited to just
these, are:
What is the LIBOR?
The historical background in relation why was it the most dominate rate
used
Where was it used and by whom?
How is it calculated?
Did it produce similar rates for other markets?
What has been the major problem with the rate and thus why is it being
changed?
What is the timeline for the change?
What has been suggested as the replacement for the international
markets and for the rates in Malaysia?
It should be appropriately referenced and structured as a report. (i.e. title page,
executive summary, contents, introduction, main body, conclusion, and
bibliography in Arial 12 point). Thus, correctly referenced. There is plenty of
information available. Please do not cut and paste but put the explanations in
your own words.
You are to submit the project in WORD format with your answer for Part B in
the submission folder within Canvas by the due date.
(Guide Word range 3 000 to 5000 words)
Answer & Explanation
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