So SONIA, €STR and TONAR are daily averages of the rates banks pay on such deposits. British, European and Japanese banks lean on unsecured deposits for their day-to-day liquidity.
But they do this in different ways, which reflect local funding conditions. All are so-called “near-risk-free” rates, which measure the cost of overnight lending.
Those are the secured overnight financing rate ( SOFR) for the dollar, the sterling overnight index average ( SONIA) for the pound, the Tokyo overnight average rate ( TONAR) for the yen, the Swiss average rate overnight ( SARON) for the Swiss franc, and the euro short-term rate (€ STR) for the euro. Start with the leading alternatives in each of LIBOR’s five currencies. The most striking feature of the transition is the diversity of the candidates to replace it. This disparity led regulators to call time on LIBOR in 2017. An interbank lending market with daily transactions of around $500m now underpins contracts pegged to dollar LIBOR that are worth about 450,000 times that. But these dried up during the financial crisis of 2007-09 and never returned to anything like their previous volume. For most of the five decades since its invention, banks used unsecured loans from their peers as a source of day-to-day funding. That had become even easier after the market it was meant to measure all but evaporated. It's just so unfair otherwise.LIBOR is best known for a scandal that broke in 2012, when it emerged that banks and traders had been illicitly manipulating it for years. watch this movie, then come back here and let's raise this puppy up. It is worth it! Come on! There are MUCH worse Hollywood crapbusters that don't get slammed this way. Please, grab some popcorn, flush your mind of preconceptions and give this Chilean quirkfest a try. it may not be a 7 for some, but it certainly deserves more than what it has. I am, however, judging this movie's entertainment value when compared to other movies such as this.
#Bad with money panoply movie
I am giving this movie a 7 stars rating - I am not comparing this to Citizen Kane, people. I found the story to be quite different, the special effects to be quite decent and sometimes, great (except for the last five minutes!!! I think they may have run out of money or something) and the acting is superb. To claim that Santos is derivative without saying what it derives from is also a weak argument. not that the reviewers above ALWAYS lack imagination, but maybe on that day, their imagination had been sucked by an alternative universe. I agree that the editing should have been sharper (throughout! See, I am honest), and that the movie could have been a tad shorter but to say that the story made no sense just shows a lack of imagination and/or a lack of trying. HOW can this movie be given so low a rating, when Kick-Ass (one of my favorite super hero movies - and much grosser in parts) has almost an 8 star rating? And the acting on Spy Kids. actually, make that "SHOULD have been cut." But who cares? Is bad editing enough for such a low rating? So what, the guy snorted some crap. Although you can tell that someone on editing "loved" it a little too much, cause quite a bit of the movie could have been cut. I am not saying I loved the movie, but the story. The story is unique! Different creative, weird. I hate to compare apples to Spy Kid, but really, the acting beats most movies in a similar genre. But the acting in Santos is really good! I mean, REALLY good. Nah, I'd probably give those a three star for effort. Or, OK, I could give one star to those class C dragon slayer movies, where the dragon is a little puppet, the fire is clearly coming from a blowtorch, the castle is made of papier mache and the acting is all done by yelling and extreme facial contortion. I may be inclined to give this to one of those slasher movies, where you spend half the movie yelling at the screen "DON'T GO THERE!!!" You know, those movies where you can tell the actors are super stupid, as if the casting was done over a weekend, on one of those Orange Julius tables across from the GAP. Now, I am just shocked! How could these two guys give Santos one star only? I would reserve that to movies which truly sin against my senses - and that would have to be a TRULY awful movie, to deserve such a low rating. I just finished watching Santos, and was curious as to what rating it would have on IMDb, as the rating on Netflix was less than three stars.
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