Earlier this month the New York Fed announced that there will be no SOFR rate published on or for Friday, April 7th even though April 7th is a U.S. Government Securities Business Day (USGSBD).
One month into SOFR Loan & CLO Origination, the Loan Syndications & Trading Association (LSTA), DealCatalyst and the Investment Management Due Diligence Association (IMDDA) invite you to hear from market experts Tal Reback, Director, KKR; Edwin Wilches, Managing Director, Co-head Securitized Products, PGIM and Meredith Coffey, Executive Vice President, LSTA, on the strategies for success...
1 LIBOR-SOFR Spread Adjustments: Historical vs Current Levels Note that this presentation only focuses on SOFR loan origination and does not address credit sensitive rates Meredith Coffey, LSTA EVP- Research Co-Head Public Policy mcoffey@lsta.org mailto:mcoffey@lsta.org 2 • LIBOR is a credit sensitive rate; SOFR is risk free…therefore SOFR is lower than LIBOR • To address...
Note that this presentation only focuses on SOFR loan origination and does not address credit sensitive rates. The presentation was done by Meredith Coffey, EVP of Research and Co-Head of Public Policy....
As everyone knows, LIBOR is ceasing—and no new USD LIBOR loans or CLOs should be originated after the end of 2021. We have been making progress. Forward Looking Term SOFR is now in scope for business loans and CLOs, which removes the concern about calculating a daily SOFR. This article was written by Meredith Coffey,...
In a PLI presentation on Tuesday, May 5th, LSTA EVP Meredith Coffey discussed the potential replacement rates, their strengths, their weaknesses and their economics....
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? The panel discussed what operations professionals are doing to actually prepare for and transition to the Secured Overnight Financing Rate (SOFR). We...
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...
