The financial markets are transitioning away from LIBOR with key transition dates and deadlines only months away. LIBOR is implicated in virtually every interest rate swap on the planet used in hedging a broad assortment of loans, bonds and other securities. This month, the Bank for International Settlements reports that $363 trillion in the global swaps market will be impacted. The magnitude of this transition cannot be overstated.

Join IFM’s instructor-led virtual course to better understand the implications of this change, hear practical guidance on the process, evaluating various reference rates and their mechanics, and key risks along the way.

Use this course as an opportunity to learn what you need to know about the LIBOR transition and confidently map out a transition strategy.

After the course you will be able to:

• Explain why replacing LIBOR is a priority for global regulators and the financial system.
• Know the US regulatory compliance requirements and the timetable.
• Understand the recommendations of the Alternative Reference Rates Committee (ARRC) for U.S. entities.
• Identify the responsibilities and risks of an organization transitioning away from LIBOR. Why SOFR ─ the Secured Overnight Financing Rate ─ is seen as the presumptive replacement (but not required) and how it is structurally different from LIBOR.
• Know how the SOFR index is calculated, and become familiar with other risk free rates.
• Understand the terms of the CME listed futures SOFR futures contracts.
• Transition existing cash flow hedging strategies using OTC swaps to SOFR.
• Explain how existing swaps need to be modified, including the new ISDA protocol for robust fallback provisions.