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  • How the Coronavirus May Impact Your FX Cash Flow Hedge Program

    Many companies will be affected by a global pandemic (should it come to fruition)—and a number are already being affected just by the containment efforts.

  • The Fed’s Emergency Rate Cut: Impacts on Interest Rate Hedges

    On March 3, 2020, the Federal Open Market Committee (FOMC) made an emergency 50bp interest rate cut in response to the Coronavirus’ impact on the U.S. economy.

  • New York Fed to Publish SOFR Averages Index for LIBOR Transition

    LIBOR is being phased out through 2021, and the Secured Overnight Financing Rate (SOFR) was selected as the preferred LIBOR replacement by the Alternative Reference Rates Committee (ARRC) in June 2017.

  • Latest Details on the LIBOR Transition and Interest Rate Reform

    As LIBOR is phased out, reference rate reform will identify new and alternative reference index rates for financial instruments, including the Secured Overnight Financing Rate (SOFR).

  • A Voice for Corporates: The AFP LIBOR Task Force

    David Bowman with the Federal Reserve Board has asked the Association for Finance Professionals (AFP) to be the voice of Corporate Treasury in terms of addressing LIBOR for the Alternative Reference Rates Committee (ARRC) as part of the Coordination Subgroup.

  • FASB Approves Finalization of LIBOR Transition Guidance

    As you know, the LIBOR transition topic is evolving on an almost daily basis. Earlier this week, the FASB approved the finalization of guidance to assist entities with the transition away from LIBOR. The new Accounting Standards Update (ASU), which is expected to be issued in early 2020, will include optional expedients and exceptions to accounting guidance.