What's lost in transition from LIBOR to new benchmark

May 14, 2018 Chatham Financial



The International Swaps and Derivatives Association is developing a methodology that would essentially add a credit-risk spread premium to a SOFR-derived rate to make it work more effectively as a fallback standard for legacy Libor products. There appears to be broad support for these efforts. Advisory firm Chatham Financial managing director Todd Cuppia said the consensus is that the new SOFR-derived index “is going to be the one that wins the day” as the expected fallback language that most investors and issuers will agree to.

Read More
*Registration may be required.

Previous Article
Market Insights – May 21, 2018
Market Insights – May 21, 2018

The news of the week kicked off with the Commerce Department reporting a 0.3% increase in retail sales in A...

Next Article
REITs Should Prepare for Likely Transition from LIBOR
REITs Should Prepare for Likely Transition from LIBOR

Gavin Duckworth, director of hedging and capital markets at Chatham Financial, participated in a video inte...

Looking for help with your next hedge?

Talk with Chatham