Managing the Transition from LIBOR to SOFR
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
- 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
Ben Lewis, CFA
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.
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Participants will earn 1.0 CPE credit
Field of Study: Specialized Knowledge
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
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