Attached is the Daily Compounded SOFR "Compound the Rate" 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....
Attached is the Daily Simple/SOFR/DCS "Compound the Balance" Concept Documents. 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....
This document is an illustrative example of an RFR-referenced credit agreement with interest computed on a simple, in-arrears basis. This credit agreement is for a revolving loan facility (with optional drafting for a term loan facility) with borrowings denominated in Dollars as well as Euro, Japanese Yen, Sterling, and Swiss Franc. Alternatively, this document also...
An updated version of this document was published as an LSTA Form on February 27, 2023. This version is available for reference with ISDA’s Template II-A (LSTA Term SOFR). See ISDA website. The blackline, against the document dated August 25, 2021, is attached below as well (it will open as a zip file where both...
An updated version of this document was published on February 27, 2023. This version is available for reference with ISDA’s Template IV-A and Template II-L (LSTA Daily Simple SOFR). See ISDA website and this webinar replay....
Recently, 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”). The key points to highlight in the draft are discussed, but readers should bear in mind that...
What is a “concept credit agreement”? Why is the LSTA developing one? What is that math formula? Find out all you need to know about the draft compounded SOFR in arrears credit agreement. This presentation will done for our members on Tuesday, December 3rd by Jeffrey Nagle, Partner and Cadwalader, Wickersham & Taft and Tess...
