July 27, 2021  1:00 pm - 2:00 pm CDT

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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

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Level: Basic

Advanced Preparation: None

Prerequisites: None

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Field of Study: Finance

CPE Credit(s): 1

Delivery Method: Group Internet Based

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COST: FREE