https://wiki-dev.treasurers.org/w/index.php?action=history&feed=atom&title=Amendment_approach 2026-04-28T16:50:10Z Revision history for this page on the wiki MediaWiki 1.40.0 https://wiki-dev.treasurers.org/w/index.php?title=Amendment_approach&diff=2144&oldid=prev 2021-07-22T09:45:55Z

<p>Correct typo.</p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 09:45, 22 July 2021</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1">Line 1:</td> <td colspan="2" class="diff-lineno">Line 1:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>''Interest rates - reference rates - transition from LIBOR to other RFRs - rate switching''.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>''Interest rates - reference rates - transition from LIBOR to other RFRs - rate switching''.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>In this context, <del style="font-weight: bold; text-decoration: none;">a </del>''amendment approach'' refers to the mechanism for switching a reference interest rate from LIBOR to another appropriate risk-free rate, because of the discontinuation of LIBOR.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>In this context, <ins style="font-weight: bold; text-decoration: none;">an </ins>''amendment approach'' refers to the mechanism for switching a reference interest rate from LIBOR to another appropriate risk-free rate, because of the discontinuation of LIBOR.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The wording of provisions in loan agreements broadly follow either a ''hardwired'' approach or an ''amendment'' approach to the rate switch.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The wording of provisions in loan agreements broadly follow either a ''hardwired'' approach or an ''amendment'' approach to the rate switch.</div></td></tr> <!-- diff cache key acta01_wikidev:diff::1.12:old-2143:rev-2144 --> </table>

imported>Doug Williamson https://wiki-dev.treasurers.org/w/index.php?title=Amendment_approach&diff=2143&oldid=prev 2021-07-17T19:31:22Z

<p>Create page. Source: Ashursts https://www.ashurst.com/en/news-and-insights/legal-updates/libor-trigger-events---what-does-it-cover-and-why-do-we-need-to-know/</p> <p><b>New page</b></p><div>''Interest rates - reference rates - transition from LIBOR to other RFRs - rate switching''.<br /> <br /> In this context, a ''amendment approach'' refers to the mechanism for switching a reference interest rate from LIBOR to another appropriate risk-free rate, because of the discontinuation of LIBOR.<br /> <br /> The wording of provisions in loan agreements broadly follow either a ''hardwired'' approach or an ''amendment'' approach to the rate switch.<br /> <br /> An ''amendment'' approach allows the parties to negotiate appropriate amendments to the loan agreement, following the occurrence of specified ''trigger events''.<br /> <br /> <br /> Trigger events specified in documentation may include:<br /> <br /> * Cessation events. For example a public statement or announcement that the relevant reference rate has ceased - or will cease - permanently or indefinitely.<br /> <br /> * Pre-cessation events. For example a similar statement or announcement declaring that the relevant reference rate is no longer representative of the underlying market the rate seeks to measure.<br /> <br /> <br /> == See also ==<br /> * [[Alternate Base Rate]]<br /> * [[Alternative Reference Rates Committee]]<br /> * [[Benchmark]]<br /> * [[Fallback]]<br /> * [[Hardwired]]<br /> * [[Legacy]]<br /> * [[LIBOR]]<br /> * [[Provision]]<br /> * [[Rate switch]]<br /> * [[Reference rate]]<br /> * [[Risk-free rates]] (RFRs)<br /> * [[Transition]]<br /> * [[Transition risk]]<br /> <br /> [[Category:Accounting,_tax_and_regulation]]<br /> [[Category:The_business_context]]<br /> [[Category:Corporate_finance]]<br /> [[Category:Investment]]<br /> [[Category:Long_term_funding]]<br /> [[Category:Identify_and_assess_risks]]<br /> [[Category:Manage_risks]]<br /> [[Category:Risk_frameworks]]<br /> [[Category:Risk_reporting]]<br /> [[Category:Financial_products_and_markets]]</div>

imported>Doug Williamson