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The LIBOR transition is well underway.
Time is ticking on the transition from LIBOR to SOFR and it is important to keep moving forward.
The transition from LIBOR to SOFR has been in the works for a while.
Here are the next steps to take in the move from LIBOR to SOFR, including contract reviewing and using fallback language, for a seamless transition.
The LIBOR transition is underway.
The LIBOR-SOFR transition is still happening.
Will this delay the transition from LIBOR to SOFR?
Secured Overnight Financing Rate (SOFR), the designated replacement for the LIBOR rate, faced its first test recently.
The coronavirus has been on top of mind lately, yet the transition of LIBOR has not been delayed.
Banks will soon need to adjust their loans to a new benchmark known as the Secured Overnight Financing Rate (SOFR).