Reference Rate Reform

Regulators will no longer require panel banks to contribute to the London Interbank Offered Rate (LIBOR) post 2021.  Contributing panel bank departures post 2021 will undermine the stability and quality of the LIBOR benchmark.  Several alternative reference rate committees have convened to find an acceptable replacement reference rate.  If your organization has debt agreements with lenders or derivative contracts with counterparties that currently reference LIBOR and those contracts extend beyond 2021, now is the time to reexamine those contracts for reference rate fallback provisions or negotiate a suitable replacement reference rate.  Please click here to read more about the transition away from LIBOR.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2020 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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