Structured Finance and Securitization: 2023 Year in Review
2023 was interesting. While interest rates and other headwinds slowed "regular way" securitization, debt capital markets and lending activity, and…
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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 so serious that regulatory authorities have said that "given consumer protection, litigation, and re...
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)...