The 5 March 2021 announcement by the Financial Conduct Authority (FCA) signalled the definitive end of LIBOR. With attention turning to the post-LIBOR landscape, we examine the key features of forward-looking rates derived from RFRs (RFR Term Rates) as an alternative to other rates derived from RFRs and the circumstances and considerations for their use.
1 JUL 2021In this In Practice article the authors consider the nature of Term SOFR and how the LMA Term SOFR Exposure Draft addresses certain key documentation issues.
1 JAN 2022