With the lights almost out on the scandal-plagued Libor interest rate, a successor touted by regulators has quickly become the leading benchmark for business loans, outdueling two alternatives that ...
LIBOR, the reference rate for more than US$300 trillion of contracts globally and nearly US$200 trillion of US dollar contracts, is expected to cease after the end of 2021. In highlighting the ...
A recent op-ed in American Banker criticizing an alternative rate index used in loan contracts, and our group that supports the index, has prompted a need to respond. Processing Content While the ...
In May 2022 we reported that where Term SOFR was being used widely in U.S. loans; its use in other markets was more limited. Six months on, how has the picture changed? First, a quick recap. Term SOFR ...
The countdown for the London Interbank Offered Rate phaseout is on. Have you reviewed your loan documents and processes in advance of the new benchmark? In less than 18 months, the real estate ...
Hercules Capital stands out among BDCs amid SOFR-driven dividend normalization. See here for HTGC's underlying fundamentals ...
The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday that would give preparers more time to use its earlier reference rate reform relief guidance and expand ...
Issuance using the new Secured Overnight Financing Rate (SOFR) has increased rapidly since the start of the year, according to a report from TD Securities’ Public Finance Department. Processing ...
The investment seeks to provide investors with current income equal to the returns of the Secured Overnight Financing Rate (SOFR). The fund is an actively managed ETF that seeks to closely replicate ...
One of the "Five Things Every Financial Services Professional Needs To Know For 2018" is that LIBOR will be going away. LIBOR, or the London Interbank Offered Rate, is the rate that banks charge each ...
Once upon a time, Libor—the London Interbank Offered Rate—was among the most important benchmarks in the world for setting interest rates on commercial and consumer loans. But multiple scandals, plus ...
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