NYFRNorth Yorkshire Fire and Rescue (UK)
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References in periodicals archive ?
The calculation of NYFR aims to capture "a generic market rate" (162) that varies from LIBOR by not publicly releasing a contributor's data submissions.
Some of the initial hopes for NYFR were realized when the Bank for International Settlements found that NYFR had bolstered the credibility.
The spread between NYFR and LIBOR has not been significant.
Market participants will look to NYFR as a means to enhance or even replace LIBOR (174) until the BBA implements a system to verify actual transacted rates.