IBOR Transition and Fallback Provisions I (Dec 20)

IBOR Transition and Fallback Provisions I (Dec 20)

In this video James Eves outlines what will happen to existing instruments that reference a LIBOR, such as  loans, bonds and derivatives. He highlights how issuance date is vital in determining what to do with a particular instrument. Finally, he outlines what a fallback is and its three components alongside ISDA recommendations.
Overview

The London Interbank Offered Rate is an interest-rate average calculated from estimates submitted by the leading banks in London.

Key learning objectives:

  • Understand the history of LIBOR.

  • What are the fallbacks and its 3 main components?

  • What are Derivative Fallbacks?

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Expert
James Eves

James Eves

Career banker with over 25 years working in investment banking. James has worked in many aspects of banking including equity capital markets, origination, IPOs and hybrid capital.

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