Rates of Interest
The discontinuation of LIBOR at the end of next year will rank amongst the most fundamental changes in finance, in the UK and globally.
It will change the cost of money.
LIBOR is the basis for nearly all variable rate lending, and underpins accounting and valuation.
Commercial borrowers will no longer be able to calculate the cost of a loan in advance.
The comprehensive FMLT course explains how we got to where we are, the agreed frameworks and the open points, and what lawyers are now going to have to do.
The far-reaching changes will impact all corporates, so the course is aimed at all corporate and commercial lawyers, as well as those working in banking, pensions, financial services and regulation.
Agenda
- Interest rates – time value of money
- LIBOR – history and benefits
- The regulatory framework
- Hedging the risks
- The new rates – How they work – pros and cons
- Fallbacks and triggers
- The “Tough Legacy”
- Planning the transition
The next 2 hour seminar will be 10-12 am on 4 February at City Business Library, cost £40.
There is limited further availability. To register, please email enquiries@fmlt.co.uk.