Death of LIBOR Not SOFR Away

The French-American Chamber of Commerce and the British American Business Council present...The DEATH OF LIBOR NOT SOFR AWAY: A Timely and Interactive Seminar on the Implementation of the Secured Overnight Financing Rate  In 2021, the London Interbank Offered Rate (LIBOR), the world’s most important financial rate, will go away, but it is unclear what will replace the index used in virtually every significant credit arrangement, bond, swap and financial instrument. The volume of financial contracts based on LIBOR is estimated at $200 trillion.  The change will affect every company and financial institution.​ The Federal Reserve Bank of New York has proposed that The Secured Overnight Financing Rate (SOFR) become the new lending resource rate. It is the rate banks will pay on the repurchase agreement market for borrowing overnight. US regulators anticipate SOFR will be widely adopted to back the derivatives and loans market, and to be the universally accepted replacement for the outgoing LIBOR.​ Not SOFR away. Are you ready?  What can you expect and what are the implications of losing LIBOR and adopting SOFR?  Join us for this timely and interactive seminar to learn everything you need to know: * What is SOFR? * How will moving to SOFR change credit agreements, swaps, and other financial instruments? * How to navigate the transition? What should parties be doing now? ------------------------- SEMINAR AGENDA 8:00 a.m.   Registration & Breakfast 8:30 a.m.   Seminar 9:30 a.m.   Q&A 9:45 a.m.   Networking PRICING $85 per person* *CLE credit offered to attorneys EVENT SPONSORS TD Bank, American Airlines, Morgan Lewis PARTNERS French American Chamber of Commerce & British American Business Council   ------------------------- FAQS  WHAT'S THE REFUND POLICY?  Refunds possible with at least 7 business days advance notice to INFO@FACCPHILA.ORG.   WHAT CAN I BRING INTO THE EVENT? Please remember to bring plenty of business cards for networking and a prize drawing.  ------------------------- FOR MORE INFORMATION & TO REGISTER, PLEASE CLICK HERE:  _5/17 The Death of LIBOR, Not SOFR Away [https://www.faccphila.org/5-16-19-death-of-libor]___