LIBOR’s End: Are ARRC Recommendations Aligned with FCA & IBA Announcements?
In May 2020, the ARRC published Best Practice Recommendations to help industry transition away from USD LIBOR by its presumed December 2021 cessation date.
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LIBOR: Hardwireds are Here!
There is good news – and some modest bad news – on the LIBOR front. As has been discussed (ad nauseum?) in these pages, LIBOR…
755 Reasons To Go Hardwired
With less than 450 days remaining until the end of 2021, the loan market’s focus on the transition away from LIBOR has increased considerably (and…
SOFR: Big Tech(nical)
We have bad news, good news and somewhat complicated news.
SOFR: Neophytes to Acolytes?
Last Friday, the Alternative Reference Rates Committee (“ARRC”) released a “SOFR Starter Kit”, a helpful set of fact sheets to turn SOFR neophytes into SOFR…
What Do The Recommended Conventions Mean For Hardwired Fallback Language?
The LSTA’s recent webcast, “Surviving the End of LIBOR: Tools and Tips From the Trenches” answered that question in addition to unpacking the recently launched…
LIBOR: Conventions for Unconventional Thinking
While it may be an inconvenient truth, our baseline assumption must be that LIBOR may end in a bit more than 500 days.
ARRC Updated Final Recommended Language
On June 30th the ARRC published an updated recommendation for fallback language for syndicated loans (“the 2020 recommendation”), which can be found below. Document reposted…
ARRC Recommended Fallback Language for Syndicated Loans (Fallback Language Only)
On June 30th the ARRC published an updated recommendation for fallback language for syndicated loans (“the 2020 recommendation”). For member convenience we have also prepared…
LIBOR: Still Looking at 2021 End Date
Last week, there were several potentially confusing communiques from the FCA and UK Treasury that some folks read to suggest either i) LIBOR may end…
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