June 11, 2021Webinar

Replacing LIBOR: The End of the World's Most Important Number

Understand how LIBOR met its timely end and how market participants should prepare for the decommission of the prominent benchmark.

Lorman Education Services           

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)).

Senior Counsel Cheryl Isaac offers an on-demand presentation on 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.

CLE Credit is available.

Click here to access the on-demand webinar.

89 minutes

On-demand CLE Webinar

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