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How to harness emerging technology for small business success
Whatever your small or medium-sized business , chances are you’re dependent on increasingly advanced technology or wish to use more sophisticated technology. If you aren't using one of these emerging technologies in your business yet, it's likely that your business would benefit from doing so in the near future. How ca
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Mansion on Main
HistoryThe M Fine building located on Main Street in New Albany, Indiana is listed on the National Register of Historic Places, preserving history and
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Thinking of Starting a Business? Consider Buying One Instead
Starting a business can be an enticing dream. It’s also notoriously difficult to come up with an original idea, find the right team and fund its
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Old National Names Miguel Maria as Wealth Advisor
Old National Investments, formerly CapStar Wealth Management, announced today that Miguel Maria, has joined the firm as a Wealth Advisor. Maria, who
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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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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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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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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