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Sights and Data Points From TMA Annual Meeting in Napa Valley

TRG Associates President John Brady, right, returned to moderate the panel session, “Update on the Capital Markets Available to the Industry.”

Brady was joined by (l to r): Greg Spurr, VP specialized lending, Rockland Trust Co.; Greg Buscone, EVP, senior commercial banking officer, Eastern Bank; and Jennifer Holloway, managing director, security industry group, CIBC.

You executives out there that have long been comfortable doing business using the LIBOR rate take note: The panelists advised you start getting comfortable with the SIBOR rate, which before long  will be used as the daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks.

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