ISDA Agreements are complex and convoluted, and most businesses don’t negotiate them very often. Those that have negotiated an ISDA know that doing so can be complicated and involves facing a dealer bank with a specialized legal team, so hiring an industry expert is essential; but the process can be time-consuming and expensive. While expertise and experience are essential, it’s critical to have a partner who not only knows fair market terms but also understands the mechanics and logistics of a company’s hedging program, which dictates which terms are most important and drives what will have the most impact.
Learning Curve: The Promise and Perils of Deal-Contingent Hedging
Deal-contingent hedging can be a great way to hedge risks associated with mergers and acquisitions, but a n...
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Corporate Borrowers Must Engage More in SOFR Phase-In
Corporate borrowers are running out of time to weigh in on SOFR as the benchmark rate to replace LIBOR.
Chatham Financial Urges Revisions to the Proposed SA-CCR Rulemaking
Chatham Financial today announced that it has submitted a letter urging regulators to reconsider the proposed SA-CCR rule, which may unintentionally impact end users.
Amanda Breslin Named to U.S. CFTC Agricultural Advisory Committee (AAC)
The U.S. Commodity Futures Trading Commission (CFTC) has appointed Amanda Breslin, executive director, treasury advisory for Chatham Financial, as a member of its Agricultural Advisory Committee (AAC)
Preparing for SA-CCR
Eric Juzenas, Global Head of Compliance and Regulation for Chatham Financial, discusses the“Notice of Proposed Rulemaking,” which concerns revisions to the standardized approach for calculating the ex
Preparing for Brexit's Impact
How will a hard Brexit affect the application of hedge accounting if a trade is novated? Chatham Financial reviews hedging relationships viewed under US GAAP rules and IFRS.
LIBOR Fallbacks a Low Priority for Most Bond Investors
LIBOR-backed securities, sold with poor fallback language to apply if LIBOR ceases in 2021, require investors to familiarize themselves with fallback provisions.
How FASB can help hedge accountants weather the LIBOR transition
Rob Anderson, product manager at Chatham Financial, discusses the FASB guidance and time required to transition from LIBOR to another benchmark rate.
Preparing for the IBOR Transition: Steps End Users Need to Consider
The IBORs – the Interbank Offered Rates – are in danger of degrading or disappearing.
CFTC's Proposed Revision of SEF Trade Execution Requirements
Chatham Financial provided comment on the CFTC's proposed revision of the SEF Trade Execution Requirements, showing how these revisions could negatively impact the bespoke swaps market end users.
FASB carefully crafts transition guidance for SOFR
Rob Anderson, director in Chatham Financial’s hedge accounting practice, discusses FASB’s guidance on the transition to SOFR.
LIBOR Transition: Replacements Begin Addressing Cash Products
Eric Juzenas discusses the possibility of variations to ARRC’s fallback language, but says it will be used as a starting point for most dealers and lenders updating their documentation.
Response to the CFTC Request for Input on Ethereum Blockchain
Chatham Financial discusses the current state and future of Ethereum Blockchain and distributed ledger technology (DLT) in response to a request from the CFTC.
Chatham Financial Wins Award At Barclay's DerivHack 2018
Chatham Financial announced that its technology team earned the Best Solution Architecture Award at Barclay's DerivHack 2018 in New York.
ARRC Consultations for Fallback Contract Language
U.K.’s Financial Conduct Authority (FCA) announced that banks would no longer be compelled by the FCA to support LIBOR past the end of 2021.
Considerations for LIBOR Alternatives in Loan Documentation
Chatham Financial covers some of the issues that should be considered as market participants prepare for the unavailability of LIBOR and the resulting impact on loans and derivatives.
Transition to LIBOR Alternatives: The Regulators Are Serious
With the transition to LIBOR alternatives, regulators are keen to encourage market participants to transition to RFR alternatives such as SOFR or SONIA, but what does this mean for end users?
Industry Pushes CFTC to Prioritise Cross-border Clarity
Industry pushes CFTC to prioritise cross-border clarity By Joanna Wright August 30, 2017 Eric Juzenas, director of Chatham Financial’s global regulatory solutions team, adds that decisions on a...
REITs Should Prepare for Likely Transition from LIBOR
Gavin Duckworth, director of hedging and capital markets at Chatham Financial, participated in a video interview at REITwise 2018, Nareit’s Law, Accounting & Finance Conference in Hollywood, Florida.
Brexit No Deal Could be Big Deal for Swaps
Eric Juzenas, director of global compliance and regulation at Chatham Financial, explains the potential effects on both the US and the UK on the impact of a no-deal Brexit.
LIBOR Fallback Language on Bilateral Business Loans