Pages from ABS East 2019 Opertionalizing the LIBOR Transition to SOFR_ 9.22.2019

This presentation was done at the 25th Annual ABS East Conference that took place in Miami, FL.  It was presented by our very own Ellen Hefferan along with Linc Finkenburg of Perkins Cole, Nitish Idnani of Deloitte & Touche LLP, Ben Jordan of Wilmington Trust and Cindy Tjoe of KPMG LLP.  We discussed how one goes about operationalizing these different SOFRs.

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ABS-East-2019-Opertionalizing-the-LIBOR-Transition-to-SOFR_-9.22.2019.pdf

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LSTA Newsletter – October 18, 2019

This week, we start by announcing that the LSTA is developing a “SOFR Compounded in Arrears” concept credit agreement. It is one more tool to help members internalize what a SOFR Loan Market might look like. Next, we provide an updated suite of documents on Primary Delayed Compensation. Finally, we offer a brief update on LSTA […]

Flashforward: LSTA Releases Draft SOFR “Concept Credit Agreement”

On October 1st the LSTA took the next step in its efforts to educate market participants on replacement benchmarks by distributing a draft “concept credit agreement” referencing a compounded average of daily SOFRs calculated in arrears (“Compounded SOFR in Arrears”).

LSTA Advocacy Update

Over the past two weeks the LSTA has continued its political advocacy with legislators and regulators on issues of importance to the loan market. Last week, Meredith Coffey and Elliot Ganz, Co-heads of the LSTA’s Public Policy Group, had the opportunity to join Congressman Greg Meeks (D. NY) for a free-ranging discussion over breakfast.

Primary Delayed Comp: Revised Drafts Released

The LSTA released revised drafts this week of the LSTA trading documents to be used in connection with the new Primary Delayed Compensation Protocol. Below are links to the clean drafts and blacklined documents marked to show changes since the last versions sent to you for your review.