Benchmark Replacement and Other Interest-ing Matters
CPD for Lawyers: 1 Substantive Hour
Beyond the headlines on rising central bank rates, there is an unusual number of changes occurring to the lending interest rate landscape. Lenders are adjusting to the replacement of the London Interbank Offered Rate (LIBOR) by the Secured Overnight Financing Rate (SOFR) and the replacement of the Canadian Dollar Offered Rate (CDOR) by the Canadian Overnight Repo Rate Average (CORRA), as well as to the pending reduction to the Criminal Code criminal interest rate. Sam Babe, Sam Billard and Rachel Silber of Aird & Berlis LLP will discuss these dramatic developments in the usually staid world of lending interest rates during this complimentary webinar.
- Finalization of the replacement of LIBOR and start of the replacement of CDOR
- Changes to the criminal interest rate, including current and potential future reductions, and loan categories impacted
- Recent case law trends on the application of the criminal rate to equity granted as consideration for loans
For information regarding our webinars and communications, please contact:
Adrian Babrikels Munoz | email@example.com | 416.863.1500 x2541