Course description
LIBOR / IBOR Transition & Benchmark Reform
Due to the current situation we offer now an online live edition of this programme as a 1 day course on 17 Nov 2022 (from 9 a.m. until 5 p.m. UK time).
The course is conducted by an expert with over 20 years of practical experience. The sessions are very practical and interactive, and include discussions, Q&As and exercises. All sessions are recorded so you can access them later and you will receive a set of course materials and certificate on completion.
We also provide it as in-company online session – contact us to discuss your requirements.
This course offers an insight into the journey from IBOR rates to their new replacement benchmarks, from the perspective of banks, companies, and investors.
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.
Suitability - Who should attend?
- Corporate bankers – relationship managers and treasury managers
- Bank money market, bond and derivative traders and salespeople
- Bank middle office and operations staff
- Investors – institutional investors, fund managers, private traders
- Company treasury managers and staff, accountants, risk managers
Outcome / Qualification etc.
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
Training Course Content
- IBOR and its replacement ‘Risk-Free Rates’ (RFRs)
- Issuing bonds linked to the new RFRs
- The transition from IBOR to RFR
- Corporate lending linked to the new RFRs
- Derivatives referencing new RFRs
- Migrating legacy IBOR deals
Course delivery details
We offer this course for both individual students, as well as the ability to book them as private in house training for companies looking to train employees.
Expenses
Price for Live Webinar
Early bird price £795 + VAT
Regular price £950 + VAT
10% discount or 3 people. There is no VAT charge if you are based outside of the UK.
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Eureka Financial
Eureka Financial is a provider of banking, finance, regulatory, risk and wealth management training courses. We also offer some business management and soft skills training programmes. Based in London, UK, we organise public courses in London as well as tailored in-house...