Define: USD-LIBOR-BBA
USD-LIBOR-BBA means the floating rate for U.S. Dollar deposits of a specified maturity on Reuters Screen LIBOR01, two business days prior.
USD-LIBOR-BBA means the floating rate for U.S. Dollar deposits of a specified maturity on Reuters Screen LIBOR01, two business days prior.
Relevant Circumstances
- When a USD-denominated facility historically references the LIBOR benchmark
- If legacy contracts need fallback wording following LIBOR cessation
- Where interest, fees or default rates are still calculated by reference to BBA LIBOR