Fallback Language News Today

2023 was interesting. While interest rates and other headwinds slowed "regular way" securitization, debt capital markets and lending activity, and…

The U.S. dollar London Interbank Offered Rate (Libor) publication is scheduled to end by June 30, 2023. With roughly nine months to go as of this writing, parties still have time...

The U.S. dollar London Interbank Offered Rate (Libor) publication is scheduled to end by June 30, 2023. With roughly nine months to go as of this writing, parties still have time to...

To print this article, all you need is to be registered or login on Mondaq.com. Ready or not, borrowers are involuntarily seeing changes in the interest rates they are being charged. Why, you ask? Because there are serious, systemic risks associated with the most widely used interest rate basis in the world - the London Interbank Offered Rate (or LIBOR), including the LIBOR Rate for U.S. Dollar denominated loans and other financial products (USD LIBOR). The situation is ...

In what may be the first step in a move away from the Secured Overnight Financing Rate (SOFR) as the replacement rate for LIBOR, the Loan Syndications & Trading Association (LSTA)...

5-Mar-21 Non-Representative. “Synthetic” rate possible for a “further period” after end-June 2023. Bullet 2: The announcements from the FCA and IBA were not unexpected and were the result of feedback from market participants. The IBA feedback statement and the FCA announcement were anticipated as a result of a process by the IBA where it sought input from market participants regarding proposed end dates for certain settings for LIBOR. The FCA announced in July of 2017 its intention that...