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The financial industry has used the London Interbank Offered Rate (LIBOR) as a benchmark interest rate for years, but its time is coming to an end in 2021. Investors and financial institutions are grappling with what they need to do in order to prepare for the end of Libor. Some have created internal working groups to discuss the changes and figure out what needs to be done, while other firms are finally coming to terms with the reality that LIBOR as we now know it is coming to an end. Regardless of what steps you and your firm have taken – or not taken, there are actions you can take now to ensure your credits continue to accrue interest as intended for the end of Libor 2021.
- Assess your current portfolio
- Discuss your options
- Be smart about reference rate language in new transactions
- Stay current on market trends
- Don’t panic, prepare
To read the full white paper, which includes topics including, How We Got Here, Finding a Replacement, and How to Assess your Portfolio and Prepare, please complete the form below.
Renee Kuhl
Managing Director, Loan Agency tel:612-509-2323
Renee is the managing director for the Loan Agency Group for SRS Acquiom. As an accomplished financial industry professional, she leads the loan agency product.
Before joining SRS Acquiom, Renee served as an administrative vice president at Wilmington Trust, N.A., most recently leading the loan agency and restructuring products. In addition to her 10 years at Wilmington Trust, she also worked for Wells Fargo Bank, N.A. in the corporate trust and shareholder services departments.
Renee has a Juris Doctorate from Mitchell Hamline School of Law in Minnesota, and a B.A. in political science and history from Azusa Pacific University in Azusa, California.