Post A3VEs8vCXM8tOZTDeK by baturkey@dads.cool
 (DIR) More posts by baturkey@dads.cool
 (DIR) Post #A3VEs8vCXM8tOZTDeK by baturkey@dads.cool
       2021-01-22T16:03:26Z
       
       0 likes, 0 repeats
       
       Hm yes, that seems bad
       
 (DIR) Post #A3VEs9RSbPwl0cYyvo by john@dads.cool
       2021-01-22T17:41:56Z
       
       0 likes, 0 repeats
       
       @baturkey The mechanism to supposedly avoid dishonest banks was to drop the highest and lowest claims and average the rest.That has the obvious problem that it only takes 2 liars to throw the whole system off, and banks often have their interests aligned.I didn't realize ICE had a special way to calculate Libor. That's curious.I know when I worked on the current margin calcs for syndicated loans we had special enum values for Libor+X and similar. Sounds like that was not future-proof :)
       
 (DIR) Post #A3VFvVACOllbCTePaK by john@dads.cool
       2021-01-22T17:53:44Z
       
       0 likes, 0 repeats
       
       @baturkey Is this ICE's "honest calculation" they were referring to?https://www.theice.com/iba/liborJust out of curiosity, where'd you run into this text?
       
 (DIR) Post #A3VI2vBgEyLnqb0e7U by baturkey@dads.cool
       2021-01-22T18:17:31Z
       
       0 likes, 0 repeats
       
       @john it's from an email newsletter, dm me an email address and I'll fwd to you