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Lake in the forest

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September 21, 2022 | less than a minute read

USD LIBOR Transition in the Loan Markets

59
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Davide Barzilai
Partner
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Davide Barzilai
Partner
59

We are coming up to 9 months left for USD LIBOR - time has flown by and much work has been done to prepare for the transition.  We are now at a critical point in the schedule where banks and borrowers really need to get moving with their loan amendments.  The number of USD loan agreements that need to be amended around the world is far greater than for GBP/JPY/SFR - the market coped well with that volume but we can't afford to leave things until next year - there will be a bottleneck.

Our clients have started the industrialised process and we have had our first batches of executions come through - we need to build on the momentum and get moving.

So, my call out to the market - let's get amending !  

Tags

libor transition, lets get amending, sofr, arrc, lma, lsta, fca, financial institutions, banking and finance, ibor
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Davide Barzilai
Partner
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Davide Barzilai
Partner

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