We will discuss:
• the need for an alternative reference rate to LIBOR
• the chosen US LIBOR alternative
• the NY Fed’s paced transition plan from LIBOR to SOFR
• its current level of adoption
• the outlook for LIBOR’s continuation beyond 2021
• the issues/risks/differences/behaviors of LIBOR and SOFR, and how investors should look at SOFR-linked products in their investment portfolios