LIBOR Transition - Be Prepared!

March 18, 2021  1:00 pm - 2:00 pm CST

In this session, we are focusing on the inevitable transition from the London Interbank Offered Rate (“LIBOR”) to the Secured Overnight Financing Rate (“SOFR”) from a borrower’s perspective.  We address SOFR “math” with insight into the mechanics of the transition and answer the question plaguing so many on this subject – what should I do next?

How did we get here? We will begin with a brief history on LIBOR and the current transition timetable from the Alternative Reference Rate Committee. The presentation will continue with a deeper understanding of SOFR and the economics surrounding the LIBOR-SOFR transition related to loans and derivatives.  Importantly, we will discuss some of the perceived shortcomings of SOFR and alternatives being considered by market participants. Might there be market opportunities ahead of a formal conversion?   Finally, we will conclude with the “do’s and don’ts” of transition preparation and hedge accounting considerations.

Key Objectives &  Key Take-Aways: 

  • Understand the reason for LIBOR cessation and the mechanics of SOFR.

  • Learn about SOFR and where it is and isn’t an appropriate replacement index.

  • Understand how the value of your portfolio might be impacted by the transition.

  • Identify the action items in preparation for an ultimate transition.

Level: Basic

Advanced Preparation: None

Prerequisites: None

Field of Study: Finance

CPE Credit(s): 1

Delivery Method: Group Live

Cost: FREE

Meet Your Presenters:

Samuel M. Gruer
Managing Director
Scott A. Talcott
Senior Vice President
Brandon H. Lippold 
Assistant Vice President

Craig Haymaker, CPA

Chief Operating Officer

Refunds/Cancellations/Complaints:
Requests for refunds must be received in writing 2 days prior to training date for a full refund of registration fees. If a program is cancelled, the participant will be notified immediately by email and a full refund will be issued. For more information regarding administrative policies such as complaints and refunds please contact our offices by email: training@hedgestar.com or by phone: 866-200-9012.


HedgeStar is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:  www.nasbaregistry.org

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Registrations 
Blue Rose Capital Advisors is an independent financial advisory firm that does not engage in underwriting activities. We are registered with the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB) as a Municipal Advisor. Because we have not engaged in underwriting activities in our history, we generally qualify as an Independent Registered Municipal Advisor (IRMA).