Managing the Transition from LIBOR to SOFR

Credit & Lending

LIBOR is scheduled to sunset at the end of 2021. This change will impact nearly every bank in the U.S. as many loans and securities, as well as derivative contracts, are indexed to LIBOR. This session will introduce the alternative index proposed as the replacement rate, the Secured Overnight Financing Rate (SOFR). In addition, we will discuss the potential benefits and considerations of using SOFR. We will then cover what financial institutions have been doing with loan and derivative contracts to prepare for the market change. Finally, we will present what developments Chatham is seeing in the market.

Who Should Attend: CEO, CFO, Treasury, Lending, Credit, Legal, Compliance

Learning Objectives

  • Discuss transition timeline from LIBOR to SOFR
  • Highlight what financial institutions have been doing to prepare for the change
  • Discuss SOFR’s influence on the derivatives market 
  • Describe what Chatham is seeing in the market

Speaker

Ben Lewis, CFA
Managing Director
Chatham Financial
Ben is a managing director of Chatham Financial, an independent global leader in debt and derivatives advisory. Ben leads business development for the financial institution sector in the western United States.  Since 2008, Ben has worked with community and regional banks helping them manage interest rate risk through the prudent use of hedging strategies. Prior to his work with financial institutions, Ben worked with private equity and REITs to hedge their interest rate and foreign currency risk. Prior to joining Chatham, Ben served eight years in the U.S. Navy as a P-3C Orion Naval Flight Officer serving in both Operation Enduring Freedom and Operation Iraqi Freedom. Ben graduated with distinction from the United States Naval Academy with a B.S. in Economics and is a CFA charter holder. Ben has served on the Colorado regional board of HOPE International, a faith-based microfinance institution.

Webinar Fees

Pricing For Price Season Pass
Bank Member $195 $0
Bank Nonmember $249 $0
Affiliate Member $195 $0
Affiliate Nonmember $249 $0

Season Pass Members receive 4 individual logins to every webinar

Additional Info

Participants will earn 1.0 CPE credit

Field of Study: Specialized Knowledge

Prerequisites: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

Refunds and Cancellations: Webinar registrations are non-refundable. If the registrant is unable to attend the designated time and date of the webinar, a playback link and any written materials will be provided within 2 business days following the conclusion of the webinar

Western Bankers Association 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.

Register

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