The future of interest rate benchmarks is uncertain except for one thing: IBOR rates will be coming to an end in the next two years; and banks, companies, and investors need to be ready.
Rocked by a rate-rigging scandal and latterly by the absence of an underlying market, regulators have called time on IBOR rates and are pushing the world towards more robust alternatives. This course examines the role IBOR rates have played in finance, growing from almost nothing 40 years ago to one of the most important numbers in world markets; a number that underpins 100s of trillions of USD of cash and derivative contracts.
Why attend?
Attend this 1-day training course and learn about:
- What has gone wrong with IBOR rates and why a replacement is needed
- The chosen the replacements – the new ‘risk-free rates (RFRs)’
- The differences between IBOR rates and the new RFRs
- The transition process from IBOR to RFRs for banks, companies and investors
- How RFR-linked bonds work and the market for them
- The change in the world of corporate lending towards RFR-linked floating rate loans
- The new RFR-linked derivative products and their pricing
- The process of migrating legacy IBOR deals on to RFR terms
- The latest ISDA consultation results on fallback rate calculation
Who should attend?
-
- Corporate bankers – relationship managers and treasury managers
- Bank money market, bond and derivative traders and sales people
- Bank middle office and operations staff
- Investors – institutional investors, fund managers, private traders
- Company treasury managers and staff, accountants, risk managers
How the course is delivered
The mode of delivery is in-class, in-person at the course venue, with the option of participating virtually.
This course does not have any sections.
