LIBOR Transition to SOFR and Impact to Corporate Treasurers and Banks - AFP of Arizona
Replacing LIBOR "would be the most profound development in financial markets" for years to come. LIBOR is the rate that banks charge each other for short-term loans, but is also used as the benchmark for other debt instruments. SOFR is based on an overnight rate. LIBOR will be going away and if you are a corporate treasurer leveraging financial instruments for your operations join us and learn what actions you can take now.