Understand of how LIBOR met its timely end and how market participants should prepare for the decommission of the prominent benchmark.
In accordance with statements from the UK Financial Conduct Authority dating back to July of 2017, the London Interbank Offered Rate (LIBOR) will no longer be published, beginning at the end of 2021 for certain tenors, and by June of 2023 for the most popular tenors of USD-LIBOR. As a result, trillions of dollars of contracts that reference LIBOR (including loan agreements and derivatives contracts), will need to be amended and new contracts will need to account for a LIBOR replacement rate. Loan and derivatives market participants will also need to determine which replacement rate they will rely on in lieu of LIBOR (including the Secured Overnight Financing Rate (SOFR)). This presentation will help participants understand why LIBOR is going away, which terms need to be added to existing and new loan and derivatives contracts, what is "SOFR" and how does it differ from USD-LIBOR, and what an efficient LIBOR transition process looks like.
Agenda
Faculty
Cheryl L. Isaac
Michael Best Friedrich LLP
- Senior counsel in the Washington, DC office of Michael Best Friedrich LLP
- Represents clients in a variety of complex financial transactions, including interest rate swaps and other derivatives products, venture debt finance, commercial lending, cryptocurrencies, and digital asset offerings; advises on the impact of the LIBOR transition on each of these types of financing transactions
- Drafts and negotiates ISDA documentation (including the ISDA Master Agreement, Schedule, Credit Support Annex, and related documents) for interest rate, foreign exchange, and commodities derivatives, and advises clients on compliance with Title VII of the Dodd-Frank Act and related rules and guidance issued by the Commodity Futures Trading Commission (CFTC) and other federal regulators
- Represents both borrowers and lenders in various lending transactions, focusing on traditional bank loans as well as customized debt finance solutions for start-up and early growth companies
- Author of several publications related to the areas of derivatives, the LIBOR transition, and cryptocurrencies
- Member of the New York, Connecticut, and Washington, D.C. bars
- LL.M. degree, Georgetown University Law Center; J.D. degree, Boston College Law School; B.A. degree, University of Pennsylvania
- Can be contacted at [email protected] or 202-595-7934
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
More Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
