LIBOR is being phased out through 2021, and the Secured Overnight Financing Rate (SOFR) was selected as the preferred LIBOR replacement by the Alternative Reference Rates Committee (ARRC) in June 2017. The Federal Reserve Bank of New York is...
February 18, 2020
September 24, 2019
Rates & Recession: What Happened? Last Wednesday, The Fed lowered its target for the federal funds rate by a quarter percentage point, to a range of 1.75% to 2%.
August 05, 2019
As the London Inter-bank Offered Rate (LIBOR) begins to phase out, many corporate treasurers have been flooded by a wave of uncertainty. Our advice has been to proactively start planning alternatives by looking out for the guidance and term...
November 19, 2018
With the LIBOR rate continuing to phase out, FASB announced last month that they have added the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) rate, as a benchmark interest rate to the list available for fair value hedging....
November 16, 2018
As seen in WG&L Accounting & Compliance Alert, Thomson Reuters/Tax & Accounting.
October 18, 2018
*Originally Published on March 21, 2016. The idea of "blend and extend" continues to be a popular topic, and for good reasons. In light of the new rules, however, we've updated this popular classic for accuracy and comprehensiveness. In recent...
September 13, 2016
Hedge accounting is changing – for the better, no less! There are a few items in FASB’s Sept. 8 Exposure Draft that should be noted, as these will affect all interest rate hedgers taking special hedge accounting:
September 13, 2016
Every cash flow hedge program begins with the best intentions: Reducing the impact FX, interest rate or commodity volatility has on anticipated revenues and expenses.
August 10, 2016
Major world events – like the recent “Brexit” vote – often wreak havoc on interest rate markets. Some produce a swift drop in rates. Others precipitate a general rise. Many are mixed. The only consistent, predictable element is unpredictability. ...