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...
This document was reposted on January 5, 2022. This document illustrates a multicurrency loan facility bearing interest at Daily Simple SONIA for Sterling, and Daily Simple SARON for Swiss Francs, Term SOFR, and Eurocurrency Rates for Euros and Yen. This blackline document was reposted on January 5, 2022. This document is blacklined against the Daily...
Working Group on Sterling Risk-Free Reference Rates (RFRWG) Top Level Priorities - 2021 1. Be fully prepared for the end of GBP LIBOR, by the end of 2021 2. Continue to enable and promote widespread use of SONIA compounded in arrears throughout wholesale sterling markets 3. By end-Q1 2021, cease initiation of new GBP LIBOR-linked...
