Basis Points: LIBOR Fallback Protocol – Should you adhere?

Basis Points: LIBOR Fallback Protocol – Should you adhere?

As regular readers of Basis Points are aware, the London Interbank Offering Rate (LIBOR) is expected to be phased out and replaced with the Secured Overnight Financing Rate (SOFR). While there are many fundamental differences between these indices which we have previously discussed, a recent development in this process is