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LIBOR and SOFR Transition for Tax-Exempt Transactions
The current state of affairs including tax consequences.

July 27, 2021  1:00 pm - 2:00 pm CDT

As of July 26, 2021, derivatives will, absent other agreements, be priced assuming that the variable rate is the SOFR Index. Tax rules related to the LIBOR transition may or may not result in a need to reanalyze the tax-exemption of a tax-exempt loan when such transition occurs. The mechanics of the transition and the events that trigger the transition will be relevant to such analysis. Documentation is important. 


Please join David Cholst, Partner at Chapman and Cutler LLP, and Sam Gruer, Managing Director at Blue Rose Capital Advisors, who will provide an overview of the current and anticipated market developments for LIBOR and SOFR-based loans and swaps, and the federal tax-exempt bond law concerns related to transitioning from LIBOR to SOFR, from LIBOR to a benchmark other than SOFR, from Daily Simple SOFR to Term SOFR, and from SOFR to another benchmark.


Gain a better understanding of:


  • Key milestones, relevant dates, and market reactions for LIBOR transition

  • Alternatives and triggers for transition

  • Market choices for alternative benchmarks

  • Federal tax-exempt bond law consequences of transition

  • Documentary provisions used for transition

Level: Basic

Advanced Preparation: None


Field of Study: Finance

CPE Credit(s): 1

Delivery Method: Group Internet Based


Meet your Presenters!

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Blue Rose Capital Advisors Logo

Meet your CPA
CPE Credits

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Craig Haymaker, CPA

Chief Operating Officer

Requests for refunds must be received in writing 2 days prior to training date for a full refund of registration fees. If a program is cancelled, the participant will be notified immediately by email and a full refund will be issued. For more information regarding administrative policies such as complaints and refunds please contact our offices by email: or by phone: 866-200-9012.

HedgeStar is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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