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LSTA Adds 'Credit-Sensitive Rate' Rider for LIBOR Fallback Language | Troutman Pepper

Published: April 28, 2021

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)...

Source: jdsupra.com

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United StatesCity OfUnited KingdomTerm Bank Yield IndexDeposit Insurance CorporationFederal ReserveAmerican Financial ExchangeSensitive GroupBank Yield IndexBloomberg Index ServicesCredit Sensitivity GroupOffice Of The ComptrollerReference Rates CommitteeLoan Syndications Trading AssociationSecured Overnight Financing RateLoan SyndicationsTrading AssociationCredit Sensitive Rate Slot In RiderFallback LanguageAlternative Reference Rates CommitteeSensitive RatesFederal Reserve SystemFederal Deposit Insurance CorporationCredit Sensitive GroupAlternative Benchmark Rate