IBOR Transition and Fallback Provisions I (Dec 20)
James Eves
30 years: Equity capital markets
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.
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.
IBOR Transition and Fallback Provisions I (Dec 20)
9 mins 12 secs
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
Define fallbacks and outline their three main components
Define Derivative Fallbacks
James Eves
06:01
13:15
03:00
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