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2,153 results found
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Covid Has Transformed How Shoppers Pay. Here’s How Small Business Can Benefit
Covid has transformed how we pay for goods and services.
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How to Build the Ultimate Website for Business Growth
In the quick-paced, digital world we presently inhabit, having a strong online presence is helpful and necessary for any organization wishing to
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The Best Ways to Invest in Your Business Growth
Small business owners know that success doesn’t just happen by chance. Read on for tips on how to invest in your business for long-term growth
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You should think more about how you onboard your newest hires
Most hiring managers want new recruits to be comfortable in their role, to be productive and motivated, and to feel confident that they’ve made the right choice in accepting this job. Why, then, do so many employers still use outdated, ineffective onboarding practices that turn already-nervous new hires into balls of a
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What are the replacement rates for LIBOR?
Although options for replacing LIBOR continue to evolve, Old National has currently identified the following potential replacement options for our clients:
- Secured Overnight Financing Rate (SOFR)
- Term SOFR
The Secured Overnight Financing Rate or SOFR is the replacement benchmark recommended by the New York Federal Reserve’s Alternative Reference Rate Committee (ARRC). (See references below for more information on the work of the ARRC.) SOFR is derived from transactions that are executed in the overnight repurchase agreement (repo) market. These transactions are executed between banks and other intermediaries and are often collateralized by US Treasury securities. The market for SOFR is very deep and liquid with nearly $1 trillion in underlying transactions executed daily.
While SOFR has been identified as the replacement index for LIBOR, there are multiple calculation methodologies which have been developed given that SOFR is a daily rate. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates based on the SOFR futures contracts. CME Term SOFR Reference Rates are calculated and published for 1-month, 3-month, 6-month and 12-month tenors. Like LIBOR, CME Term SOFR Reference Rates are forward-looking, and the rate is set at the beginning of the period and interest is paid in arrears.
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Buying Holiday Gifts Without Breaking the Budget
Using a savings account for holiday shopping without breaking the budget.
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How To Be A Stakeholder-Driven Company In A Pandemic
The world is gripped by fear. The market is plunging. Governments are locking down cities. Many of us are refreshing news sites and Twitter to understand the latest update. Of course, I’m talking about the coronavirus, or COVID-19, an international pandemic that’s leaving everyone anxious.
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How To Market A Small Business On A Budget
During tough times, marketing often gets cut even though it's key to increasing a company's visibility. Consider these affordable solutions for promoting your small business
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3 ways CIOs can drive business success in 2023
Editor’s note: The following is a guest post authored by Momentive CIO Eric Johnson. Workplace culture, employee experience and productivity are top
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Operations: A CEO-Level Priority In 2022
Companies operating within the persistent and ever-evolving constraints over the last two years have had to fast adapt new levels of productivity and