Starting in 2022, the Secured Overnight Financing Rate (SOFR) will replace the London Interbank Offered Rate (LIBOR) as the benchmark for derivative and swap transactions in the municipal market. This session will summarize work done so far by representatives from GFOA to the Alternative Reference Rate Committee (ARRC) on the transition to the alternative rate. Speakers will also discuss the complexities of the conversion process to inform issuers on how they should approach existing and future transactions.
Tuesday, May 21, 2019 - 3:35pm to 4:50pm
Field of Study:
Specialized Knowledge & Applications
Familiarity with the London Interbank Offered Rate (LIBOR) and municipal market concepts.
Business Services Manager
Bureau of Environmental Services, City of Portland, OR
Norton Rose Fulbright US LLP
Swap Financial Group
Director of Finance
Metropolitan Transportation Authority, New York