Daily-Simple-Risk-Free-Reference-Rate-Multicurrency-Concept-Document (Aug 3 2023)

Attached is the Simple RFR Multicurrency Concept Document. The blackline, against the document dated February 27, 2023, is attached below as well (it will open as a zip file where both files are located). The blackline only reflects the pages that have changed.


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The Kirschner Case: This is the End

The Supreme Court denied Kirschner's petition for certiorari, finally ending the case. As LSTA's Elliot Ganz explains, this cements that syndicated loans are not securities,…