What Happened to My Interest Rate? A Deep Dive into Hardwiring Predictability and Fairness for LIBOR Transition in Loans, Derivatives and other Contracts
By EsqSocial Corporation 30/10/20
The U.S. dollar LIBOR interest rate index is the most widely used variable interest rate benchmark in the world, serving as the reference rate for over an estimated $200 trillion of financial products worldwide, and official announcements expected as soon as year-end 2020 of LIBOR’s December 31, 2021 demise. Such demise will have far-reaching implications, with the overriding risk being value transfer, whether intentional or inadvertent, from one entity to another (such as a borrower to a...
By: King & Spalding