In the world of finance, there is one number that arguably matters more than any other. The London Interbank Offered Rate (LIBOR) historically has been used as a key benchmark for a range of financial instruments and contracts with variable interest rates. But it is on the way out. The LIBOR is being discontinued, with the publication of non-USD-denominated LIBOR rates concluding on 31 December 2021.
Bob Newman and Nicholas Pappas of Chatham Financial will help you prepare for the phaseout of the LIBOR benchmark and understand what that means for your business. We will discuss what you are doing already and what you still need to do to move away from LIBOR. There will be plenty of time for Q&A for members to ask specific questions and get more personalized advice.
● Understand what financial institutions and borrowers need to do to prepare for the LIBOR transition.
● Learn about the impact of the discontinuation of the benchmark on financial markets.
Connect with fellow YPOers to discuss what you are doing now and what you need to be doing to move away from LIBOR