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 make modifications to existing debt...more
10/7/2022
/ Alternative Reference Rates Committee (ARRC) ,
Banking Sector ,
Benchmarks ,
Contract Terms ,
Derivatives ,
Financial Instruments ,
Hedging ,
Interest Rates ,
ISDA ,
Libor ,
U.S. Treasury
The Internal Revenue Service (IRS) released Revenue Procedure 2020-44 to assist the market's transition from the London Interbank Offered Rate (Libor) and other interbank offered rates (IBORs) to alternative reference rates...more
7/29/2021
/ Alternative Reference Rates Committee (ARRC) ,
Bonds ,
Financial Conduct Authority (FCA) ,
Financial Products ,
Hedges ,
IBOR Fallbacks Supplement (Supplement) ,
Inter-Bank Offered Rates (IBORs) ,
Interest Rates ,
IRS ,
ISDA ,
ISDA 2020 IBOR Fallbacks Protocol (Protocol) ,
Libor ,
Revenue Procedures ,
Safe Harbors
Many states, local governments and conduit borrowers (e.g., 501(c)(3) not-for-profit corporations) have directly placed tax-exempt loans (secured by the issuance of notes or bonds) with lenders, such as banks and their...more
1/10/2018
/ Banks ,
Borrowers ,
Corporate Taxes ,
Interest Rates ,
Lenders ,
Loans ,
Nonprofits ,
Secured Notes ,
State and Local Government ,
Tax Rates ,
Tax-Exempt Bonds