United States: IBOR Transition Digest
To print this article, simply register or connect to Mondaq.com.
Welcome to the latest issue of Mayer Brown’s IBOR Transition Digest, a periodic compendium of global market and regulatory developments and information on the complex issues facing financial market participants as they plan to switch from LIBOR and its variants. at replacement benchmark interest rates. As attention to IBOR the transition is accelerating and becoming more focused, it is essential to have access to comprehensive and timely resources in the market.
For additional resources and an introduction to our Global Inter-Practice IBOR Transition Working Group, please visit Mayer Brown’s IBOR Transition Portal.
Thought leadership | News and Developments | Events
THINK LEADERSHIP
“Racing” to the IBOR transition finish line
Journal of Investment Compliance, Winter 2021, August 17, 2021
Since the publication of our item In the Winter 2020 Structured Finance Bulletin, bridging activity accelerated significantly, largely due to several key developments in 2021, including the effectiveness of the ISDA IBOR protocol and the announcements of March 5, 2021 the planned termination of publication of all LIBOR parameters.
NEWS AND DEVELOPMENTS
United States – Syndicated and bilateral loans
SOFR spreading solutions: the price of imperfection (LSTA, September 8, 2021)
The historical (and likely future) difference between LIBOR and SOFR is much larger than the current “LIBOR-SOFR spot spread” and, therefore, the spread between where the LIBOR-SOFR spread ” should âbe and where it actually is can create a conundrum when parties consider spread adjustments on new SOFR loans.
LSTA publishes concept paper on the term SOFR (LSTA, August 31, 2021)
In the latest addition to its SOFR document library, LSTA added a Concept Credit Agreement that illustrates a term loan facility that references the SOFR term as the benchmark interest rate.
To read the entire article, click here
Visit us on mayerbrown.com
Mayer Brown is a global provider of legal services comprising law firms that are separate entities (the âMayer Brown Practicesâ). The Mayer Brown Firms are: Mayer Brown LLP and Mayer Brown Europe – Brussels LLP, two limited liability companies established in Illinois in the United States; Mayer Brown International LLP, a limited liability company incorporated in England and Wales (authorized and regulated by the Solicitors Regulation Authority and registered in England and Wales under number OC 303359); Mayer Brown, a SELAS established in France; Mayer Brown JSM, a partnership of Hong Kong and its associated entities in Asia; and Tauil & Checker Advogados, a Brazilian law partnership in which Mayer Brown is associated. âMayer Brownâ and the Mayer Brown logo are registered trademarks of Mayer Brown Practices in their respective jurisdictions.
© Copyright 2020. The Mayer Brown Practices. All rights reserved.
This article by Mayer Brown provides information and commentary on legal issues and developments of interest. The foregoing does not constitute a complete treatment of the matter at hand and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action on the matters discussed in this document.
POPULAR ARTICLES ON: United States Finance and Banking