LIBOR: What Is It and How Does It Affect Your Bank?
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Identify ways lenders and their attorneys can avoid falling prey to the many traps interwoven in this complicated reference rate.
The LIBOR Rate is a widely used, but poorly understood, reference rate for commercial loans. The mystery and complexity of this reference rate contributes to confusion, poor documentation and increased risk for lenders. These risks are highlighted by the international scandals and lawsuits against some of the institutions involved in setting the LIBOR Rate. This topic will clarify the use and meaning of the LIBOR Rate as a reference rate, and help identify ways lenders and their attorneys can avoid falling prey to the many traps interwoven in this complicated reference rate. This topic will also explain the background of the LIBOR and its recent history so that attendees have a full understanding of the background of the LIBOR Rate. With a deeper knowledge of how the LIBOR Rate works, lenders and their counsel should be able to identify and avoid common mistakes.
John F.W. Fleming, Densborn Blachly, LLP
Self Study Credit - Audio & Reference Manual
Sponsored by Lorman Education
|CLE||1.5||AZ, CA, GA, HI, IL, ME, MT, NV, VT, WA|
|CLE||1.8||MO, NJ, WV|
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