With fewer than five months to go in the historic shift away from LIBOR, most companies would have transitioned to the Secured Overnight Financing Rate (SOFR) or other alternative rate by now – but is that the reality?
LIBOR has lingered, even as the Federal Reserve Board adopted the final rule that identifies benchmark SOFR rates to replace LIBOR after June 30, 2023. The SRS Acquiom Loan Agency team brings new insights into the current state of SOFR today and the transition, as well as perspective on SOFR origins, its rise as the preferred alternative rate to LIBOR, its advantages and disadvantages, and the share of the market that has yet to transition to a new rate. Learn more about:
- The share of market that has transitioned, and what remains
- The rise of SOFR in this historic shift away from LIBOR
- Advantages and Disadvantages of SOFR
- The origins of SOFR
Download the Info Sheet below.
