Our guest speaker (Tom Wipf) talked about what the ARRC and industry are doing to get off LIBOR before it ceases. What are the key goals, timelines and dates that we must meet? This panel discussed what operations professionals are doing to actually prepare for and transition to the Secured Overnight Financing Rate (SOFR). We covered new fallbacks, conventions, calculations, systems changes, documents and strategies. A lot of work needs to be done, but not much time remains.
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.