[math] \frac {LIBOR Base Rate}{1.00 - LIBOR Reserve Requirements} [/math]
[math]\frac{1}{e} = \sum_{n=0}^{\infty} (-1)^n\frac{1}{n!} = 1-\frac{1}{1!}+\frac{1}{2!}-\frac{1}{3!}+\cdots[/math]