Libor Polášek [SEP] drafted by
[{"answer": "Vancouver Canucks", "provenance": [{"wikipedia_id": "10992660", "title": "Libor Pol\u00e1\u0161ek", "start_paragraph_id": 1, "start_character": 0, "end_paragraph_id": 1, "end_character": 221, "bleu_score": 0.6699398878369106, "meta": {}, "section": "Section::::Abstract."}]}]
Libor Polášek


Libor Polášek (born April 22, 1974) is a retired Czech professional ice hockey centre. He has been described by some Vancouver Canucks fans and journalists as one of the worst first-round draft picks made by that NHL team. The Canucks selected Polasek ahead of their next selection Michael Peca (who played more than 860 NHL regular-season games). The team hoped that the tall (6’4") Czech center would develop into a Mark Messier-like player. Instead, Polasek had difficulty making an impact even
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Libor Polášek


19 games in the Czech league then returned to the Crunch for eight more goal-less games. He returned to Europe and in almost a decade of playing for Czech and Slovak teams he scored just 41 goals from 1996–97 to 2005–06. According to CNNSI.com’s 2001 profile of Canuck draft busts, "Polasek fared worse than the previous three (first-round busts Dan Woodley, Jason Herter and Alek Stojanov) combined -- he never played in an NHL game. In fact, one is hard-pressed to even find statistics
12939075
Adam Polášek


Adam Polášek (born July 12, 1991) is a Czech ice hockey defenceman currently playing for HC Sparta Praha of the Czech Extraliga (ELH). He was selected by the Vancouver Canucks in the 5th round, 145th overall of the 2010 NHL Entry Draft. Polášek went through the full training system of Vítkovice, and played the Czech junior leagues for the team, including the Junior Extraliga. He signed his first professional contract with the Vancouver Canucks on April 7, 2011. Following the pre-season training camp, Polášek
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Libor Polášek


at the minor-league level. He scored a total of just 18 goals over two seasons (1992–1994) playing with the Hamilton Canucks farm team in the AHL. In the AHL playoffs in 1993–94, he scored no goals in three games during Hamilton’s four-games first-round loss to Cornwall. After a goal-less seven-game stint in the ECHL in 1994–95, he returned to the AHL with the new Canuck affiliate Syracuse Crunch and scored just two goals in 45 games. In 1995–96, he played
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Adam Polášek


was assigned to start the 2011–12 season in the AHL with the Chicago Wolves During the final year of his contract within the Canucks organization, Polášek opted to terminate his contract with Vancouver on December 25, 2013. He returned to his native Czech Republic and signed a contract with Sparta Praha of the Czech Extraliga on December 31, 2013. In 2016, Polášek signed with Sibir Novosibirsk of Kontinental Hockey League (KHL). On October 7, 2017, he joined Sochi of KHL. Polášek played out the season with Sochi,
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Libor Ustrnul


Libor Ustrnul (born February 20, 1982) is a retired Czech ice hockey player. Ustrnul was drafted 42nd overall by the Atlanta Thrashers in the 2000 NHL Entry Draft. He spent three seasons in the organization and played for their American Hockey League affiliate the Chicago Wolves as well as a spell in the ECHL for the Gwinnett Gladiators but never played in the NHL. He then spent three seasons in the Czech Extraliga for HC Karlovy Vary which followed with a brief spell with HIFK in the SM-liiga in Finland. He
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Libor Pivko


Libor Pivko (born March 29, 1980 in Nový Jičín, Czechoslovakia) is a Czech former professional ice hockey left winger. He was drafted in the third round, 89th overall, by the Nashville Predators in the 2000 NHL Entry Draft. He played one game in the National Hockey League with the Predators in the 2003–04 season. In the 2009–10 season, he was playing in the Czech Extraliga with HC Pardubice. On 14 March 2012 signed a new one-year contract with Dinamo Minsk for the 2012-2013 season.
22007600
Libor Zábranský


Libor "Zábrda" Zábranský (born November 25, 1973 in Brno, Czechoslovakia) is a retired professional hockey player and current coach. Zábranský was drafted 209th overall in the 9th round of the 1995 NHL Entry Draft by the St. Louis Blues. Zábranský played the majority of his career in the Czech Republic but he did play 40 games over two seasons with St. Louis in the NHL. After retiring from playing due to health problems at the age 30, he became majority owner of the Czech Extraliga team HC Kometa Brno.
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Libor Hájek


Libor Hájek (born 4 February 1998) is a Czech professional ice hockey defenceman for the New York Rangers of the National Hockey League (NHL). He was selected by the Tampa Bay Lightning, in the second-round, 37th overall, in the 2016 NHL Entry Draft. Hájek made his Czech Extraliga debut playing 17 games with HC Kometa Brno during the 2014–15 Czech Extraliga season. In opting to continue his development in the CHL, Hájek was selected 2nd overall in the 2015 CHL Import Draft by the Saskatoon Blades of
3489188
Libor


The London Inter-bank Offered Rate is an interest-rate average calculated from estimates submitted by the leading banks in London. Each bank estimates what it would be charged were it to borrow from other banks. The resulting rate is usually abbreviated to Libor () or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor). It was formerly known as BBA Libor (for British Bankers' Association Libor or the trademark bba libor) before the responsibility for the administration was transferred to Intercontinental Exchange. It is
9302715
Ryan McDonagh


defensive play during the Rangers' first-round playoff series against the Pittsburgh Penguins was poor, and the Rangers were eliminated in five games by the Penguins, who went on to win the Stanley Cup that year. On February 26, 2018, McDonagh was traded (along with J. T. Miller) to the Tampa Bay Lightning in exchange for Libor Hájek, Brett Howden, Vladislav Namestnikov, a first-round pick in the 2018 NHL Entry Draft and a conditional second-round pick in the 2019 NHL Entry Draft. On
12283067
Syndicated loan


of spreads referred to as price talk (i.e., a target spread of, say, LIBOR+250 to LIBOR+275). Investors then will make commitments that in many cases are tiered by the spread. For example, an account may put in for $25 million at LIBOR+275 or $15 million at LIBOR+250. At the end of the process, the arranger will total up the commitments and then make a call on where to price the paper. Following the example above, if the paper is vastly oversubscribed at LIBOR+250, the arranger
16913077
Long Live the Family!


. She doesn't respond. Next day Libor and his family leave. Libor wants to go to Slovakia. The family accommodates at a hotel. There Iva finds out the truth. She has an argument with Libor. Police find out that Libor is at the hotel but he and his family manage to escape. Iva decides to stay by her husband and helps him to escape. Their car crashes to a tree. There Libor admits to his wife that he was involved with the fraud and that he wanted to prepare his
1723985
J. T. Miller


recorded 34 assists for a career-high 56 points. During the 2018 NHL Winter Classic, Miller scored the overtime-winning goal in a 3–2 win over the Buffalo Sabres at Citi Field in Queens, New York. On February 26, 2018, Miller was traded (along with Ryan McDonagh) to the Tampa Bay Lightning in exchange for Libor Hájek, Brett Howden, Vladislav Namestnikov, a first-round pick in the 2018 NHL Entry Draft and a conditional second-round pick in the 2019 NHL Entry Draft. On
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Libor scandal


The Libor scandal was a series of fraudulent actions connected to the Libor (London Interbank Offered Rate) and also the resulting investigation and reaction. The Libor is an average interest rate calculated through submissions of interest rates by major banks across the world. The scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. Libor underpins approximately $350 trillion in derivatives. It is currently administered by Intercontinental Exchange
10128067
Libor scandal


in London had become a cartel. Tan in his court affidavit stated that the Royal Bank of Scotland knew of the Libor rates manipulation and that it supported such actions. In instant messages, traders at RBS extensively discussed manipulating Libor rates. In a released transcript of a 21 August 2007 chat, Jezri Mohideen, who was the head of yen products in Singapore, asked to have the Libor fixed in a conversation with other traders: In another conversation on 27 March 2008, Tan asked that RBS raise its Libor submission and noted
10128091
Yield curve


in the table at the right is known as a LIBOR curve because it is constructed using either LIBOR rates or swap rates. A LIBOR curve is the most widely used interest rate curve as it represents the credit worth of private entities at about A+ rating, roughly the equivalent of commercial banks. If one substitutes the LIBOR and swap rates with government bond yields, one arrives at what is known as a government curve, usually considered the risk free interest rate curve for the underlying currency. The spread between the LIBOR or swap
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Libor


rate mortgages and more than 80 percent of subprime mortgages were indexed to the Libor. American municipalities also borrowed around 75 percent of their money through financial products that were linked to the Libor. In the UK, the three-month British pound Libor is used for some mortgages—especially for those with adverse credit history. The Swiss franc Libor is also used by the Swiss National Bank as their reference rate for monetary policy. The usual reference rate for euro denominated interest rate products, however, is the Euribor compiled by the
9302723
Libor


is reported at 11:30 am. Libor is actually a set of indexes. There are separate Libor rates reported for seven different maturities (length of time to repay a debt) for each of 5 currencies. The shortest maturity is overnight, the longest is one year. In the United States, many private contracts reference the three-month dollar Libor, which is the index resulting from asking the panel what rate they would pay to borrow dollars for three months. In 1986, the Libor initially fixed rates for three currencies.
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Libor scandal


reforms, in line with the Wheatley Review, came into effect in 2013 and a new administrator took over in early 2014. The UK controls Libor through laws made in the UK Parliament. In particular, the Financial Services Act 2012 brings Libor under UK regulatory oversight and creates a criminal offence for knowingly or deliberately making false or misleading statements relating to benchmark-setting. , UBS trader Tom Hayes was the only person convicted in connection with the Libor scandal. In the UK, six bankers accused over Libor were cleared in early
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Libor scandal


in wrongful profits as a result of artificially inflating Libor rates on the first day of each month during the complaint period. The city of Baltimore and others in the US filed a class action lawsuit in April 2012 against Libor setting banks which alleged that the manipulation of Libor caused payments on their interest rate swaps to be smaller than they should have been. Before the financial crisis, states and localities bought $500 billion in interest rate swaps to hedge their municipal bond sales. It is estimated that the manipulation of Libor cost municipalities
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Libor


-month US dollar Libor rates. They are the world's most heavily traded short-term interest rate futures contracts and extend up to ten years. Shorter maturities trade on the Singapore Exchange in Asian time. Interest rate swaps based on short Libor rates currently trade on the interbank market for maturities up to 50 years. In the swap market a "five-year Libor" rate refers to the 5-year swap rate where the floating leg of the swap references 3- or 6-month Libor (this can be expressed more precisely as for
9302730
Libor


financial products are tied to Libor. In June 2012, multiple criminal settlements by Barclays Bank revealed significant fraud and collusion by member banks connected to the rate submissions, leading to the Libor scandal. The British Bankers' Association said on 25 September 2012 that it would transfer oversight of Libor to UK regulators, as proposed by Financial Services Authority managing director Martin Wheatley's independent review recommendations. Wheatley's review recommended that banks submitting rates to Libor must base them on actual inter-bank deposit market transactions and keep records of those transactions
9302717
Libor


the predecessor of BBA Libor. From 2 September 1985, the BBAIRS terms became standard market practice. BBA Libor fixings did not commence officially before 1 January 1986. Before that date, however, some rates were fixed for a trial period commencing in December 1984. Member banks are international in scope, with more than sixty nations represented among its 223 members and 37 associated professional firms as of 2008. Seventeen banks for example currently contribute to the fixing of US Dollar Libor. The panel contains the following member banks: Libor is
9302721
Mark Moore (ice hockey)


-Vancouver Canucks forward Todd Bertuzzi. Mark is the older brother of Dominic Moore and Steve Moore. Dominic has played over 500 NHL games with nine different NHL teams, and Steve is a former Colorado Avalanche prospect who played 69 NHL games from 2001 until 2004. Dominic was later traded to the Penguins (the same team that drafted Mark) with Libor Pivko for a 2007 NHL Entry Draft third round pick. While Mark and Dominic played against each other, Mark and Steve once played against each other during a preseason game at
19865862
Swap rate


Swap rate is the fixed rate that a receiver demands in exchange for the uncertainty of having to pay a short-term (floating) rate, e.g. 3 months LIBOR over time. At any given time, the market’s forecast of what LIBOR will be in the future is reflected in the forward LIBOR curve. At the time of the swap agreement, the total value of the swap’s fixed rate flows will be equal to the value of expected floating rate payments implied by the forward LIBOR curve. As forward expectations for
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Libor


European Banking Federation from a larger bank panel. A euro Libor does exist, but mainly, for continuity purposes in swap contracts dating back to pre-EMU times. The Libor is an estimate and is not intended in the binding contracts of a company. It is, however, specifically mentioned as a reference rate in the market standard International Swaps and Derivatives Association documentation, which are used by parties wishing to transact in over-the-counter interest rate derivatives. Libor is defined as: "The rate at which an
9302724
Equity swap


" swap). Take a simple index swap where Party A swaps £5,000,000 at LIBOR + 0.03% (also called LIBOR + 3 basis points) against £5,000,000 (FTSE to the £5,000,000 notional). In this case Party A will pay (to Party B) a floating interest rate (LIBOR +0.03%) on the £5,000,000 notional and would receive from Party B any percentage increase in the FTSE equity index applied to the £5,000,000 notional. In this example, assuming a LIBOR rate of 5.97% p.a
12620612
Libor


example "5-year rate vs 6-month Libor"). "Libor + "x" basis points", when talking about a bond, means that the bond's cash flows have to be discounted on the swaps' zero-coupon yield curve shifted by "x" basis points to equal the bond's actual market price. The day count convention for Libor rates in interest rate swaps is Actual/360, except for the GBP currency for which it is Actual/365 (fixed). On Thursday, 29 May 2008, "The Wall
9302731
Quality spread differential


split the arbitrage profits equally, Company A would borrow $1,000,000 at a rate of LIBOR + 2% from the debt markets, while Company B would borrow $1,000,000 at a rate of 10% from the debt markets. Company A would further agree to enter a swap where it pays Company B 9.5% on $1,000,000 in exchange for Company B paying Company A the LIBOR rate on $1,000,000. Company A would owe the debt markets LIBOR + 2%, and owe Company B 9.5%, but would receive LIBOR
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Libor scandal


that the Fed tried to make sure that they were. In October 2008, several months after Geithner's memo to King, a Barclays employee told a New York Fed representative that Libor rates were still "absolute rubbish." The "Wall Street Journal" reported in March 2011 that regulators were focusing on Bank of America Corp., Citigroup Inc. and UBS AG in their probe of Libor rate manipulation. A year later, it was reported in February 2012 that the US Department of Justice was conducting a criminal investigation into Libor abuse
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Libor scandal


for each basis point (0.01%) that Libor was moved, those involved could net, "about a couple of million dollars." The Canadian Competition Bureau was reported on 15 July 2012 to also be carrying out an investigation into price fixing by five banks of the yen denominated Libor rates. Court documents filed indicated that the Competition Bureau had been pursuing the matter since at least January 2011. The documents offered a detailed view of how and when the international banks allegedly colluded to fix the Libor rates. The information was
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Libor scandal


that the Libor rose consistently on the first day of each month between 2000 and 2009 on the day that most adjustable-rate mortgages had as a change date on which new repayment rates would "reset". An email referenced in the lawsuit from the Barclay's settlement, showed a trader asking for a higher Libor rate because "We're getting killed on our three-month resets." During the analysed period, the Libor rate rose on average more than two basis points above the average on the first day of the
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Libor scandal


of their transactions supporting those submissions. The review also recommended that individual banks' Libor submissions be published, but only after three months, to reduce the risk that they would be used as a measure of the submitting banks' creditworthiness. The review left open the possibility that regulators might compel additional banks to participate in submissions if an insufficient number do voluntarily. The review recommended criminal sanctions specifically for manipulation of benchmark interest rates such as the Libor, saying that existing criminal regulations for manipulation of financial instruments were inadequate. Libor rates
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British Bankers' Association


can obtain unsecured funding for a given period in a given currency. It therefore represents the lowest real-world cost of unsecured funding in the London market. As such, LIBOR is one of the fundamental standards for global financial markets. Prior to September, 2012, BBA LIBOR (the London Interbank Offered Rate) was calculated and published by Thomson Reuters on behalf of the BBA. In July 2012, it came out that LIBOR had been systematically rigged by Barclays for many years, leading to the LIBOR scandal. Paul Tucker
19703575
Libor


on 25 September that it would transfer oversight of LIBOR to UK regulators, as proposed by Financial Services Authority managing director Martin Wheatley and CEO-designate of the new Financial Conduct Authority. On 28 September, Wheatley's independent review was published, recommending that an independent organisation with government and regulator representation, called the Tender Committee, manage the process of setting LIBOR under a new external oversight process for transparency and accountability. Banks that make submissions to LIBOR would be required to base them on actual inter-bank deposit market transactions and
9302738
Libor


revealed that the US Department of Justice was conducting a criminal investigation into Libor abuse. Among the abuses being investigated were the possibility that traders were in direct communication with bankers before the rates were set, thus allowing them an advantage in predicting that day's fixing. Libor underpins approximately $350 trillion in derivatives. One trader's messages indicated that for each basis point (0.01%) that Libor was moved, those involved could net "about a couple of million dollars". On 27 June 2012, Barclays Bank was fined
9302741
Libor


in place around Libor. For example, each bank must now have a named person responsible for Libor, accountable if there is any wrongdoing. The banks must keep records so that they can be audited by the regulators if necessary. In early 2014, NYSE Euronext took over the administration of Libor from the British Bankers Association. The new administrator was NYSE Euronext Rates Administration Limited, a London-based, UK registered company, regulated by the UK's Financial Conduct Authority. On 13 November 2013, the Intercontinental Exchange (ICE
9302750
Libor


) Group announced the successful completion of its acquisition of NYSE Euronext. As a result of this acquisition, NYSE Euronext Rate Administration Limited was renamed ICE Benchmark Administration Limited. The appointment of a new administrator is a major step forward in the reform of LIBOR. The scandal also led to the European Commission proposal of EU-wide benchmark regulation, that may affect Libor as well. On July 27, 2017 the Financial Conduct Authority, the U.K.'s top regulator, tasked with overseeing Libor, announced the benchmark will be phased out
9302751
World Qualification Series (2009)


18 - Aug 23" 30th Anniversary of the Lacanau Pro and good conditions this year. Surf, concerts, events scheduled. Check out the video for a summary of the event http://vimeo.com/6994555 "Aug 25 - Aug 30" "Sep 01 - Sep 06" "Sep 01 - Sep 06" "Sep 04 - Sep 06" "Sep 09 - Sep 12" "Sep 10 - Sep 13" "Sep 08 - Sep 13" "Sep 15 - Sep 20" "Sep 16 - Sep 22" "Sep
1986943
List of 1982–83 NBA season transactions


1982 Oct 2, 1982 Oct 1, 1982 Sep 30, 1982 Sep 29, 1982 Sep 28, 1982 Sep 27, 1982 Sep 24, 1982 Sep 22, 1982 Sep 20, 1982 Sep 19, 1982 Sep 18, 1982 Sep 17, 1982 Sep 15, 1982 Sep 14, 1982 Sep 13, 1982 Sep 10, 1982 Sep 9, 1982 Sep 7, 1982 Sep 2, 1982 Sep 1, 1982 Aug 31, 1982 Aug 27, 1982 Aug 26, 1982 Aug 16, 1982 Aug 8,
557049
Libor scandal


multiple criminal settlements by Barclays Bank revealed significant fraud and collusion by member banks connected to the rate submissions, leading to the scandal. Because Libor is used in US derivatives markets, an attempt to manipulate Libor is an attempt to manipulate US derivatives markets, and thus a violation of American law. Since mortgages, student loans, financial derivatives, and other financial products often rely on Libor as a reference rate, the manipulation of submissions used to calculate those rates can have significant negative effects on consumers and financial markets worldwide. On
10128069
Libor scandal


2012 that it would transfer oversight of Libor to UK regulators, as proposed by Financial Services Authority managing director Martin Wheatley and CEO-designate of the new Financial Conduct Authority. On 28 September, Wheatley's independent review was published, recommending that an independent organisation with government and regulator representation, called the Tender Committee, manage the process of setting Libor under a new external oversight process for transparency and accountability. Banks that make submissions to Libor would be required to base them on actual inter-bank deposit market transactions and keep records
10128103
Collar (finance)


floating 6 month LIBOR annually on a notional N and which (when invested) earns 6%. A rise in LIBOR above 6% will hurt the investor while a drop will benefit her. Thus it is desirable for her to purchase an interest rate cap which will pay her back if the LIBOR rises above her level of comfort. Figuring that she is comfortable paying up to 7%, she enters into an Interest Rate Cap with counterparty B wherein B will pay her the difference between 6 mo LIBOR and 7% when
10971364
Gary Gensler


of Libor, the London interbank offered rate. Early in his tenure, Gensler listened to tape recordings of two Barclays employees as they discussed plans to report false interest rates in an effort to manipulate Libor. Libor is the average interest rate estimated by leading banks in London that the average leading bank would be charged if borrowing from other banks. It is used as a reference rate for many financial products, including adjustable rate mortgages, student loans, and car payments. "A driving force behind the latest crackdown tied to LIBOR
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Libor


Financial Stability Review" which also found that "Although the integrity of the U.S. dollar Libor-fixing process has been questioned by some market participants and the financial press, it appears that U.S. dollar Libor remains an accurate measure of a typical creditworthy bank's marginal cost of unsecured U.S. dollar term funding." On 27 July 2012, the "Financial Times" published an article by a former trader which stated that Libor manipulation had been common since at least 1991. Further reports on this have since come from the BBC and Reuters
9302736
Libor


periods. Its usage is intended to be similar to how Libor is currently used. The administration of Libor has itself become a regulated activity overseen by the UK's Financial Conduct Authority. Furthermore, knowingly or deliberately making false or misleading statements in relation to benchmark-setting was made a criminal offence in UK law under the Financial Services Act 2012. The Danish, Swedish, Canadian, Australian and New Zealand Libor rates have been terminated. From the end of July 2013, only five currencies and seven maturities will be quoted every
9302748
Libor scandal


, in which they had discussed the bank's financial position at the height of the 2008 financial crisis. It was his understanding that senior British government officials had instructed the bank to alter the rates. Del Missier's testimony followed statements from Diamond in which he denied that he had told his deputies to report false Libor rates. Speaking before Parliament the previous week, Tucker stated that he had shared concerns regarding Barclays Libor rates because the markets might view Barclays to be at risk if its Libor submissions continued to be higher than those
10128089
Libor Hájek


the WHL. At the completion of his second season with the Blades, Hajek was signed to a three-year, entry-level contract with the Tampa Bay Lightning on March 21, 2017. He immediately joined primary affiliate, the Syracuse Crunch of the AHL on an amateur try-out to play out the remainder of the 2016–17 season. On 26 February 2018, Hájek was traded to the New York Rangers, along with Vladislav Namestnikov, Brett Howden, and two draft picks, for Ryan McDonagh and J. T. Miller
3489189
September 1941 lunar eclipse


A partial lunar eclipse took place on Friday, September 5, 1941. It was a shallow partial lunar eclipse, with less than 10% of the Moon covered in Earth's shadow. Aug 31, 1941 = Sunday Sep 1, 1941 = Monday Sep 2, 1941 = Tuesday Sep 3, 1941 = Wednesday Sep 4, 1941 = Thursday Sep 5, 1941 = Friday Sep 6, 1941 = Saturday Sep 7, 1941 = Sunday Sep 8, 1941 = Monday Sep 9, 1941 = Tuesday Sep 10, 1941
5363349
Floating interest rate


Rate, or LIBOR (the rates at which large banks lend to each other). The rate for such debt will usually be referred to as a spread or margin over the base rate: for example, a five-year loan may be priced at the six-month LIBOR + 2.50%. At the end of each six-month period, the rate for the following period will be based on the LIBOR at that point (the reset date), plus the spread. The basis will be agreed between the
10157150
Floating rate note


a coupon of 3 months LIBOR +0.20%, and is issued at par (100.00). If the perception of the credit-worthiness of the issuer goes down, investors will demand a higher interest rate, say LIBOR +0.25%. If a trade is agreed, the price is calculated. In this example, LIBOR +0.25% would be roughly equivalent to a price of 99.75. This can be calculated as par, minus the difference between the coupon and the price that was agreed (0.05%), multiplied by the
15488570
FIPS 140


development. In the first draft version of the FIPS 140-3 standard, NIST introduced a new software security section, one additional level of assurance (Level 5) and new Simple Power Analysis (SPA) and Differential Power Analysis (DPA) requirements. The draft issued on 11 Sep 2009, however, reverted to four security levels and limits the security levels of software to levels 1 and 2. Due to the way in which the validation process is set up, a software vendor is required to re-validate their
14077457
Vladislav Namestnikov


. On 26 February 2018, the day of the NHL trade deadline of the 2017–18 season, Namestnikov was traded to the New York Rangers, along with Brett Howden, Libor Hájek and a 2018 and 2019 draft pick, in exchange for Ryan McDonagh and J. T. Miller. On 28 February 2018, Namestnikov scored his first goal with the Rangers in a 6–5 overtime win against the Vancouver Canucks. The Rangers re-signed Namestnikov to a two-year extension on 1 July 2018. On 2 March 2016, the Russian Ice
4891310
Floating interest rate


end. A floating rate loan therefore may or may not incorporate a bullet payment. A customer borrows $25,000 from a bank; the terms of the loan are (six-month) LIBOR + 3.5%. At the time of issuing the loan, the LIBOR rate is 2.5%. For the first six months, the borrower pays the bank 6% annual interest: in this simplified case $750 for six months. At the end of the first six months, the LIBOR rate has risen to 4%;
10157156
Eurodollar


expected to prevail on the settlement date. A price of 95.00 implies an interest rate of 100.00 - 95.00, or 5%. The settlement price of a contract is defined to be 100.00 minus the official British Bankers' Association fixing of 3-month LIBOR on the day the contract is settled. For example, if on a particular day an investor buys a single three-month contract at 95.00 (implied settlement LIBOR of 5.00%): On the settlement date, the settlement price is determined by the actual LIBOR fixing for that
1662886
Petr Klíma


to Klíma without Czechoslovak officials realizing it. Klíma, who spoke no English when he finally arrived in Detroit on Sep 22, 1985, was fortunate that the Red Wings also managed to bring his girlfriend to the U.S. In honor of his successful defection, a grateful and overjoyed Klíma requested sweater number 85 and wore it throughout his NHL career as a reminder of the year in which he gained freedom. Klíma was drafted in the fifth round (88th overall) of the 1983 NHL Entry Draft by the Red Wings. He played
19145639
Libor scandal


, which took over running the Libor in January 2014. The banks are supposed to submit the actual interest rates they are paying, or would expect to pay, for borrowing from other banks. The Libor is supposed to be the total assessment of the health of the financial system because if the banks being polled feel confident about the state of things, they report a low number and if the member banks feel a low degree of confidence in the financial system, they report a higher interest rate number. In June 2012,
10128068
Libor scandal


we are doing it, because if we didn't do it, it draws unwanted attention on ourselves." The documents show that in early 2008, a memo written by then New York Fed President Tim Geithner to Bank of England chief Mervyn King looked into ways to "fix" Libor. While the released memos suggest that the New York Fed helped to identify problems related to Libor and press the relevant authorities in the UK to reform, there is no documentation that shows any evidence that Geithner's recommendations were acted upon or
10128079
Libor scandal


that the rates submitted are underpinned by real trades. Since the beginning of July 2013, each individual submission that comes in from the banks is embargoed for three months to reduce the motivation to submit a false rate to portray a flattering picture of creditworthiness. A new code of conduct, introduced by a new interim oversight committee, builds on this by outlining the systems and controls firms need to have in place around Libor. For example, each bank must now have a named person responsible for Libor, accountable if there is any
10128107
Overnight indexed swap


is typically an interest rate considered less risky than the corresponding interbank rate (LIBOR) because there is limited counterparty risk. The LIBOR–OIS spread is the difference between LIBOR and the OIS rates. The spread between the two rates is considered to be a measure of health of the banking system. It is an important measure of risk and liquidity in the money market, considered by many, including former US Federal Reserve chairman Alan Greenspan, to be a strong indicator for the relative stress in the money markets. A higher
11052263
Šikland


Czech-language promotional material, a name derived from the name of its founder Libor Šikl . The first reference to this place appeared in 1988. In this time Libor Šikl moved into a house which he inherited from his grandmother. The first country-style was held here a year later and was attended by approximately 50 people. Then Libor Šikl bought the ruins of an old mill and asked for restitution of land that belonged to his parents. A "town" with a Gold Rush and Wild West theme - which they
11794659
Fideres


, due to the mis-pricing carried out by the banks, US corporations may have lost up “to $18 billion” when they issued debt. Business Insider UK considered the research particularly “noteworthy” in relation to the size of the bond market while Tracy Alloway, executive editor of Bloomberg, wrote on her Twitter account that the story may represent a "Libor moment in the bond market,” in reference to the LIBOR scandal. After the LIBOR scandal broke in 2012, Thomas appeared as a witness at a
19433056
Libor


individual Contributor Panel bank could borrow funds, were it to do so by asking for and then accepting inter-bank offers in reasonable market size, just prior to 11.00 London time." This definition is amplified as follows: The British Bankers' Association publishes a basic guide to the BBA Libor which contains a great deal of detail as to its history and its current calculation. Libor is calculated by the Intercontinental Exchange (ICE) and published by Refinitiv. It is an index that measures the cost of funds to large global
9302725
Libor


2011 that regulators were focusing on Bank of America Corp., Citigroup Inc. and UBS AG. Making a case would be very difficult because determining the Libor rate does not occur on an open exchange. According to people familiar with the situation, subpoenas were issued to the three banks. In response to the study released by the WSJ, the British Bankers' Association announced that Libor continues to be reliable even in times of financial crisis. According to the British Bankers' Association, other proxies for financial health, such as the default
9302734
Libor


. On 28 November 2012, the Finance Committee of the Bundestag held a hearing to learn more about the issue. In late September 2012, Barclays was fined £290m because of its attempts to manipulate the Libor, and other banks are under investigation of having acted similarly. Wheatley has now called for the British Bankers' Association to lose its power to determine Libor and for the FSA to be able to impose criminal sanctions as well as other changes in a ten-point overhaul plan. The British Bankers' Association said
9302737
Libor


2016 the ARRC released its first report on the possible indices that could serve as a replacement to the LIBOR. On March 7, 2018 the ARRC announced that the committee had been reconstituted and the following groups were participating. The ARRC will comprise the following institutions: In addition, the following agencies will serve as ex officio members of the ARRC: In June 2017, the ARRC announced a broad Treasury repo financing rate, SOFR, as its recommended alternative to the USD LIBOR. In its justification for this choice the ARRC said
9302746
New York Rangers


Rangers traded captain Ryan McDonagh and J. T. Miller to the Tampa Bay Lightning for Vladislav Namestnikov, prospects Brett Howden and Libor Hajek and multiple draft picks. With the team missing the playoffs for the first time since 2010, finishing under .500 for the first time since 2004 and placing last in the Metropolitan Division, head coach Vigneault was fired after the conclusion of the season. On May 23, David Quinn was hired as the team's new head coach. During the off-season, the Rangers re-signed Namestnikov to
18393715
2016–17 Tampa Bay Lightning season


, and two invitees. Of the 10 draft picks made in 2016, seven will take part in the tournament, including first round pick Brett Howden, and fellow forwards Boris Katchouk, Christopher Paquette, Taylor Raddysk, and Otto Somppi, as well as defenseman Libor Hajek and goaltender Conner Ingram. In addition, notable returning prospects taking part in the tournament are Adam Erne, Brayden Point, Dominik Masin, and Adam Wilcox. The tournament will run from September 17 through the 20th. The Florida Panthers, Nashville Predators and Washington
21428981
Brett Howden


The goal came in a 3–2 Crunch win at the Oncenter War Memorial Arena. On April 12, 2017, Howden recorded his first career professional assist against the Utica Comets. The assist came in a 7–2 Crunch win at the Utica Memorial Auditorium. On February 26, 2018, Howden was traded to the New York Rangers, along with Vladislav Namestnikov, Libor Hajek, and a 2018 and 2019 draft picks, for Ryan McDonagh and J. T. Miller. On October 20, 2016, the Western Hockey League announced its Team WHL
787537
Libor scandal


2016. On 16 April 2008, "The Wall Street Journal" released an article, and later study, suggesting that some banks might have understated borrowing costs they reported for the Libor during the 2008 credit crunch that may have misled others about the financial position of these banks. In response, the BBA claimed that the Libor continued to be reliable even in times of financial crisis. Other authorities contradicted "The Wall Street Journal" article saying there was no evidence of manipulation. In its March 2008 Quarterly Review, the Bank
10128073
Libor scandal


" A study by economists Connan Snider and Thomas Youle, in April 2010 corroborated the results of the earlier "Wall Street Journal" study, concluding that the Libor submissions by some member banks were being understated. Unlike the earlier study, Snider and Youle suggested that the reason for understatement by member banks was not that the banks were trying to appear strong, especially during the financial crisis period of 2007 to 2008, but rather that the banks sought to make substantial profits on their large Libor interest-linked portfolios. For example
10128075
Libor scandal


each other, ...it is not a rate at which anyone is actually borrowing." The New York Federal Reserve chose to take no action against them at that time. Minutes by the Bank of England similarly indicated that the bank and its deputy governor Paul Tucker were also aware as early as November 2007 of industry concerns that the Libor rate was being under-reported. In one 2008 document, a Barclays employee told a New York Fed analyst, "We know that we're not posting an honest Libor, and yet
10128078
Libor scandal


month, and between 2007 and 2009, the Libor rate rose on average more than seven and one-half basis points above the average on the first day of the month. The five lead plaintiffs included a pensioner whose home was repossessed after her subprime mortgage was securitised into Libor-based collateralised debt obligations, sold by banks to investors, and foreclosed. The plaintiffs could number 100,000, each of whom has lost thousands of dollars. The complaint estimates that the banks earned hundreds of millions, if not billions of dollars,
10128094
Libor scandal


then voluntarily appeared before parliament, to clarify the discussions he had with Bob Diamond. He said he had never encouraged manipulation of the Libor, and that other self-regulated mechanisms like the Libor should be reformed. On 19 December 2012, UBS agreed to pay regulators $1.5 billion ($1.2 billion to the US Department of Justice and the Commodity Futures Trading Commission, £160m to the UK Financial Services Authority and 59m CHF to the Swiss Financial Market Supervisory Authority) for its role in the scandal. The
10128112
Libor scandal


2014, US and UK regulators slapped a combined £218 million ($370 million) in fines on Lloyds and a number of subsidiaries over the its part in the Libor fixing, and other rate manipulations and false reporting. On 23 April 2015, Deutsche Bank agreed to a combined US$2.5 billion in fines – a US$2.175 billion fine by American regulators, and a €227 million penalty by British authorities – for its involvement in the Libor scandal. The company also pleaded guilty to wire fraud, acknowledging that at least
10128117
Anthony Browne (politician)


BBA who appointed Browne, promptly resigned. Shortly after Browne was appointed, the "Daily Mail" declared he was "the man who must clean up British banks". Browne was responsible for implementing reforms of LIBOR proposed by a review lead by Martin Wheatley, the then head of Financial Conduct Authority. Browne then worked with a government-appointed tendering committee chaired by Baroness Hogg to transfer operation of LIBOR from the BBA. Responsibility for the operation of LIBOR was transferred from the BBA to NYSE Euronext in January 2014. As
17929123
Libor Fára


Libor Fára (12 September 1925, Prague - 3 March 1988, Prague) was a Czech sculptor and painter. The versatile Libor Fára graduated from the Academy of Applied Arts in Prague in the studio of Emil Filla in the second half of the 1940s, developing his artistic opinion in the circle of the Prague Surrealists. The main fields of Fára’s interest were collages, assemblages and objects as well as photography. During the 1950s, Fára participated at various activities of artists, writers and theoreticians from the circle of Karel Teige
18382460
Gary Gensler


," Gensler worked with enforcement division director David Meister and his team to lead the investigative effort and brought charges against five financial institutions for the manipulation of Libor and other benchmark interest rates, resulting in more than $1.7 billion in penalties. Barclays alone paid $450 million in fines as a result of the Libor investigation. Gensler has called Libor "unsustainable" and argued that it should be replaced as a benchmark rate. For his work to reform the financial regulatory system, The Institute for the Fiduciary Standard awarded Gensler with
20953963
LIBOR market model


-Morton framework) are a set of forward rates (also called forward LIBORs), which have the advantage of being directly observable in the market, and whose volatilities are naturally linked to traded contracts. Each forward rate is modeled by a lognormal process under its forward measure, i.e. a Black model leading to a Black formula for interest rate caps. This formula is the market standard to quote cap prices in terms of implied volatilities, hence the term "market model". The LIBOR market model may be interpreted as a
2805941
Libor


These were the US dollar, British pound sterling and the Deutsche Mark. Over time this grew to sixteen currencies. After a number of these currencies in 2000 merged into the euro there remained ten currencies. Following reforms of 2013 Libor rates are calculated for 5 currencies. Active Inactive Note that the Euro LIBOR should not be confused with EURIBOR. Until 1998, the shortest duration rate was one month, after which the rate for one week was added. In 2001, rates for a day and two weeks were introduced Following reforms
9302728
Libor


of 2013 Libor rates are calculated for 7 maturities. Active Inactive There are different money markets in the world having interbank offered rate fixings in USD, including: The USD Libor in London is the most recognised and predominant one. The USD Sibor was established in January 1988, and the USD Hibor was launched in December 2006. Although these fixings in USD use similar methodology by fixing at 11:00 am at their local times, the results of the three fixings are different. The Chicago Mercantile Exchange's Eurodollar contracts are based on three
9302729
Libor


keep records of their transactions supporting those submissions. The review also recommended that individual banks' LIBOR submissions be published, but only after three months, to reduce the risk that they would be used as a measure of the submitting banks' creditworthiness. The review left open the possibility that regulators might compel additional banks to participate in submissions if an insufficient number do voluntarily. The review recommended criminal sanctions specifically for manipulation of benchmark interest rates such as the LIBOR, saying that existing criminal regulations for manipulation of financial instruments were inadequate.
9302739
Quality spread differential


from Company B. On net, Company A would now owe a total of 11.5%, which is lower than the 12% fixed rate at which it could have originally borrowed. Company B would owe the debt markets 10%, and owe Company A LIBOR, but would receive 9.5% from Company A. On net, Company B would owe LIBOR + 0.5%, which is lower than LIBOR + 1% floating rate at which it could have originally borrowed. Therefore, both parties are able to benefit from entering into a
10036094
Libor scandal


27 July 2012, the "Financial Times" published an article by a former trader which stated that Libor manipulation had been common since at least 1991. Further reports on this have since come from the BBC and Reuters. On 28 November 2012, the Finance Committee of the Bundestag held a hearing to learn more about the issue. The British Bankers' Association (BBA) said on 25 September 2012 that it would transfer oversight of Libor to UK regulators, as predicted by bank analysts, proposed by Financial Services Authority managing director
10128070
Libor scandal


for International Settlements stated that "available data do not support the hypothesis that contributor banks manipulated their quotes to profit from positions based on fixings." Further, in October 2008, the International Monetary Fund published its regular "Global Financial Stability Review" which also found that "Although the integrity of the U.S. dollar Libor-fixing process has been questioned by some market participants and the financial press, it appears that U.S. dollar Libor remains an accurate measure of a typical creditworthy bank's marginal cost of unsecured U.S. dollar term funding.
10128074
Libor scandal


, in the first quarter of 2009, Citigroup had interest rate swaps of notional value of $14.2 trillion, Bank of America had interest rate swaps of notional value of $49.7 trillion and JPMorgan Chase had interest rate swaps of notional value of $49.3 trillion. Given the large notional values, a small unhedged exposure to the Libor could generate large incentives to alter the overall Libor. In the first quarter of 2009, Citigroup for example reported that it would make that quarter $936 million in net interest revenue if interest rates
10128076
Libor scandal


pay on their bonds at the actual market Sifma rate but were paid on their interest rate swaps at the artificially lower Libor rate. The cost to colluding and suspect banks from litigation, penalties, and loss of confidence may drive down finance industry profits for years. The cost of litigation from the scandal may exceed that of asbestos lawsuits. US experts such as former Assistant Secretary of the Treasury Paul Craig Roberts have argued that the Libor Scandal completes the picture of public and private financial institutions manipulating interest rates to prop up the prices
10128099
Libor scandal


activity overseen by the UK's Financial Conduct Authority. Furthermore, knowingly or deliberately making false or misleading statements in relation to benchmark-setting was made a criminal offence in UK law under the Financial Services Act 2012. The Danish, Swedish, Canadian, Australian and New Zealand Libor rates have been terminated. From the end of July 2013, only five currencies and seven maturities will be quoted every day (35 rates), reduced from 150 different Libor rates – 15 maturities for each of ten currencies, making it more likely
10128106
Libor scandal


settled allegations that they had manipulated Libor. The United States Department of Justice charged three former employees, and ICAP paid $65 million to the US's Commodity Futures Trading Commission and £14 million ($22 million) to Britain's Financial Conduct Authority. In October 2013, Rabobank is fined €774 million by US, UK and Dutch regulators . In December 2013 the European Commission announced fines for six financial institutions participating in one or more bilateral cartels relating to Libor submissions for Japanese yen in the period from 2007 to 2010
10128115
Subprime crisis background information


LIBOR means that financial instruments with variable interest terms are increasingly expensive. For example, adjustable rate mortgages, car loans and credit card interest rates are often tied to LIBOR; some estimate as much as $150 trillion in loans and derivatives are tied to LIBOR. Higher interest rates place additional downward pressure on consumption, increasing the risk of recession. Credit defaults swaps (CDS) are insurance contracts, typically used to protect bondholders from the risk of default, called credit risk. As the financial health of banks and other institutions
10309199
Collar (finance)


the LIBOR exceeds 7% for a premium of 0.08*N. To offset this premium, she sells an Interest Rate Floor to counterparty C wherein she will pay them the difference between 6 mo LIBOR and 5% when the LIBOR falls below 5%. For this she receives 0.075*N premium, thus offsetting what she paid for the Cap. Now she can face 3 scenarios: In times of high volatility, or in bear markets, it can be useful to limit the downside risk to a portfolio. One obvious way to do this is
10971365
Interbank lending market


. Efficient functioning of the markets for such instruments relies on well-established and stable reference rates. The benchmark rate used to price many US financial securities is the three-month US dollar Libor rate. Up until the mid-1980s, the Treasury bill rate was the leading reference rate. However, it eventually lost its benchmark status to Libor due to pricing volatility caused by periodic, large swings in the supply of bills. In general, offshore reference rates such as the US dollar Libor rate are preferred to onshore benchmarks since the
15891586
LIBOR market model


collection of forward LIBOR dynamics for different forward rates with spanning tenors and maturities, each forward rate being consistent with a Black interest rate caplet formula for its canonical maturity. One can write the different rates dynamics under a common pricing measure, for example the forward measure for a preferred single maturity, and in this case forward rates will not be lognormal under the unique measure in general, leading to the need for numerical methods such as monte carlo simulation or approximations like the frozen drift assumption. The LIBOR market model models a set
2805942
Interest rate swap


as 1M, LIBOR, 3M LIBOR, 6M LIBOR, SONIA, etc. The pricing of these swaps requires a spread often quoted in basis points to be added to one of the floating legs in order to satisfy value equivalence. Interest rate swaps are used to hedge against or speculate on changes in interest rates. Interest rate swaps are also used speculatively by hedge funds or other investors who expect a change in interest rates or the relationships between them. Traditionally, fixed income investors who expected rates to fall would
9302621
Libor


the primary benchmark, along with the Euribor, for short-term interest rates around the world. However, Libor will not be published any more after end-2021, and market participants are strongly encouraged to transition to other risk-free rates. Libor rates are calculated for five currencies and seven borrowing periods ranging from overnight to one year and are published each business day by Thomson Reuters. Many financial institutions, mortgage lenders and credit card agencies set their own rates relative to it. At least $350 trillion in derivatives and other
9302716
Libor


, that individual banks' Libor submissions be published after three months, and recommended criminal sanctions specifically for manipulation of benchmark interest rates. Financial institution customers may experience higher and more volatile borrowing and hedging costs after implementation of the recommended reforms. The UK government agreed to accept all of the Wheatley Review's recommendations and press for legislation implementing them. Significant reforms, in line with the Wheatley Review, came into effect in 2013 and a new administrator took over in early 2014. The British government regulates Libor through criminal and regulatory laws
9302718
Libor


passed by the Parliament. In particular, the Financial Services Act 2012 brings Libor under UK regulatory oversight and creates a criminal offence for knowingly or deliberately making false or misleading statements relating to benchmark-setting. The London Interbank Offered Rate (LIBOR) came into widespread use in the 1970s as a reference interest rate for transactions in offshore Eurodollar markets. In 1984, it became apparent that an increasing number of banks were trading actively in a variety of relatively new market instruments, notably interest rate swaps, foreign currency options and forward
9302719
The Beeps


Sapphire Stream S2/Ep45 Apr. 29 Wash Those Socks! S2/Ep46 Dec. 12 The Bumps SEASON 3: S3/Ep1 Aug. 30 Up Down Hill S3/Ep2 Aug. 31 Caravan S3/Ep3 Sep. 6 Secret Garden S3/Ep4 Sep. 7 Bounceflower Tea S3/Ep5 Sep. 13 The Whale S3/Ep6 Sep. 14 Soggy Sockroaches S3/Ep7 Sep. 20 Stinkroots S3/Ep8 Sep. 21 Sing-a-long-a-beeps S3/Ep9 Sep. 27 History Book S3/Ep10 Sep. 28 What Goes Splat? S3
14688027
Signal Transfer Point


. SEPs send signaling messages to other SEPs, but the messages are normally routed via the SEP's adjacent STPs. An STP's main function is to identify the best path for two SEPs to communicate. A typical application would be for two SEPs to agree on the use of a shared data path (e.g., using ISUP to initiate a voice call between a user on one SEP and a user on the second SEP). In this way, STPs route signaling messages (for starting, maintaining or finishing any kind of
21819468