When the groundwork for LIBOR discontinuance was first laid by the FCA, IBA and ISDA, there was no immediate impact on LIBOR-based investments, debt or swaps. This is no longer true. Your investments, debt or swaps are going to change soon.
October 18, 2021
April 26, 2021
On Friday, the CME announced they will start publishing Term SOFR Rates for 1-month, 3-month and 6-month tenors. This establishes a SOFR reference rate that will be used to set interest rates in advance that pay in arrears, similar to current...
March 08, 2021
Friday, March 5, 2021, the official groundwork was laid to discontinue LIBOR by the FCA, IBA and ISDA. Note: There is no immediate impact to your LIBOR based investments, debt or swaps. However, this is formal notice by key stakeholders that...
November 30, 2020
In unexpected news today, the end of USD LIBOR has been extended to June 30, 2023. The Federal Reserve Board put out a press release today supporting the extension of LIBOR through June 30, 2023.
November 05, 2020
FASB Proposes an Accounting Standards Update Expanding Topic 848 (Reference Rate Reform)Respondent comments are due Friday, November 13.
October 26, 2020
The eagerly anticipated ISDA IBOR Fallback Protocol was released on Friday, October 23, 2020. The effective date of the protocol has been set for January 25, 2021. The following is a brief list of questions you may have. Look for more detailed...
October 16, 2020
We always encourage hedgers to consider the economics of a transaction before looking at the accounting. If the economics don’t make sense, it doesn’t matter how favorable the accounting treatment is, it probably isn’t a good idea!
October 12, 2020
The direct impacts of the transition away from LIBOR to the use of an alternative reference rate such as the Secured Overnight Financing Rate (SOFR) have been well publicized. ISDA and ARRC have been releasing regular updates and suggested...