A short one this week: one article on the borrower’s arguments for “hardwired” LIBOR fallbacks, and another article on the latest in what the LSTA is doing in the ESG space. Oh–and a friendly reminder to treat MLK Day as a holiday for delayed comp purposes.
We hope that this glossary helps our members and industry participants to better learn and understand the acronyms, terms, and buzzwords that we often take for granted that everyone understands.
This week, we revel in the sighting of a big SOFR loan (well, sort of). We turn to the markets to discuss the secondary in winter. We eye Washington and the OCC as they flag risks (LIBOR and potentially leveraged lending). We remind our members that Christmas and New Year’s are Loan Market Holidays (but note […]
This week, we congratulate ourselves (slightly) on seeing the silver lining in October’s selloff. We also reflect on SOFR, discussing the LSTA Concept SOFR Credit Agreement and the Fed’s view on a forward looking term SOFR Reference Rate. (We will discuss either or both on the LSTA’s Weekly LIBOR call on Monday.) We flag a new […]
This week, we revise our LIBOR deadline from 12/31/21 to 3Q20. (Well, technically, that was the FCA…and just for Stg LIBOR.) We review the secondary trading market in October (and hint toward November) and recap the latest on ESG and ratings. Finally, we remind you that we are now offering members a weekly LIBOR Q&A […]
This week we recap our latest LIBOR webcast, tell you about our new weekly LIBOR Q&A call, recap this week’s visit to Tel Aviv, and kindly remind you to treat Thanksgiving as a loan market holiday. Hope you have a crazy pre-Thanksgiving weekend.
GLI’s Blockchain & Cryptocurrency Regulation 2020 includes a chapter titled, The Loan Market, Blockchain, and Smart Contracts: The Potential For Transformative Change, written by Josias N. Dewey, Partner at Holland & Knight LLP and Bridget Marsh EVP and Deputy General Counsel at the LSTA which sets out the basics of blockchain technology, reviews the concept […]
This week, we start off with a SOFR loan spotting (yes, Virginia, there is a SOFR loan!). We move on to another rising loan type: Sustainability linked loans – what they are, how they are measured and how their volumes are changing. We also dip into the markets, checking in on how loan terms and […]
We discuss simple daily SOFR in arrears, the latest in the secondary market, a new LIBOR resource we’re providing, and some SOFR tools. We also provide an overview of the loan market holidays for 2019 reminder you to use the LSTA job board if you’re looking for a job or to fill a position on your staff.
LIBOR, “the world’s most important number”, is likely to cease after 2021. This presents significant—but hopefully surmountable—challenges. We discuss the LIBOR problem, timeline and potential shorter- and longer-term solutions. We know whereof we speak; the LSTA is a member of the overall Alternative References Rates Committee (“ARRC”), the body tasked with replacing U.S. dollar LIBOR. […]
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