Leaving LIBOR: Understanding and Managing the Transition

Leaving LIBOR: Understanding and Managing the Transition

Details

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 (held in two 90-minute sessions over 2 days) as an opportunity to learn what you need to know about the LIBOR transition and confidently map out a transition strategy.

Learning Outcomes

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.

 

Who Should Attend

This course is applicable to anyone whose work includes reference rates either directly or indirectly to include:

  • Asset Managers
  • Corporate Treasurers
  • Enterprise Risk Managers
  • Insurers
  • Pension Funds
  • Commercial Bankers
  • Derivatives Traders

 

Level:  Fundamental to Intermediate

Duration:  3 hours total (2 online session, 90-minute sessions)

Delivery:  Live, virtual instruction for 90 minutes per day for two (2) consecutive days. IFM's shorter sessions allow attendees the flexibility to fit education into their work day. IFM's live course offers the benefit of a live education — including the ability to interact with other attendees and our knowledgeable faculty — without the travel expense or days away from work.

Note class hours are in U.S. Eastern Time to provide maximum convenience for most U.S. and  global participants.


Registration Options

Date
Location
Virtual Live. Two 90-minute sessions over 2 days.
Early-bird
$199
Fee
$245
Instructor
Class Size
Class Size: Registration is limited to approximately 20 participants to promote student participation and interaction.
Note
Group Discount: 10% off any registration with 3+ participants from same organization. To take advantage of this discount, please contact the IFM at 202-223-1528, or via e-mail at info@theIFM.org.
Date
Location
Virtual Live. Two 90-minute sessions over 2 days.
Early-bird
$199
Fee
$245
Class Size
Class Size: Registration is limited to approximately 20 participants to promote student participation and interaction
Note
Group Discount: 10% off any registration with 3+ participants from same organization. To take advantage of this discount, please contact the IFM at 202-223-1528, or via e-mail at info@theIFM.org.

If you have any questions or are unable to complete your online order, please contact the IFM at 202-223-1528, or via e-mail at info@theIFM.org