Leaving LIBOR: Understanding and Managing the Transition

Leaving LIBOR: Understanding and Managing the Transition


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. The Federal Reserve-backed Alternative Reference Rates Committee (ARRC) has chosen CME Group as the preferred benchmark provider for the term version of the Secured Overnight Financing Rate.

Join IFM’s virtual workshop 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 workshop (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 workshop 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 ARRC for U.S. entities.
  • Identify the responsibilities and risks of an organization transitioning away from LIBOR.
  • See 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 (Two 90-minute sessions held on two (2) consecutive days.

Delivery:  IFM's shorter sessions allow attendees the flexibility to fit education into their busy work day. IFM workshops are limited in attendance to offers the ability to interact with other attendees and our knowledgeable faculty — without the travel expense or days away from work.

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

Registration Options

Virtual Workshop. Two 90-minute sessions over 2 days.
Class Size
Class Size: Registration is limited to approximately 20 participants to promote student participation and interaction
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