Lorman offers professional resources regarding COVID-19 and remote working best practices.  Learn more

Show navigation

Video

  • 17 minutes

Problems With SOFR

 

Learn if SOFR is a good cost of funds proxy.

LIBOR is, and has been, a proxy for bank cost of funds to which has added a margin in doing the loans. The Federal Reserve Bank chose SOFR based on the robustness of the rate. The Federal Reserve Bank’s criteria in choosing SOFR was that the rate be provided by the Federal Reserve Bank for the public good; it is derived from an action and well-defined market with sufficient depth to make it extraordinarily difficult to ever manipulate or influence; and it is produced in a transparent, direct manner and is based on observable transactions, rather than being dependent on estimates, like LIBOR, or derived through models; among other criteria. This video reviews these criteria and discusses problems with SOFR including rates and the need for adjustment factors.

Runtime: 17 minutes
View Video

More Program Information

Agenda

View Video

More Program Information

Faculty

Ronald Scheinberg

Ronald Scheinberg

Vedder Price

  • Shareholder in Vedder Price's New York office
  • Practice largely involves the representation of banks and other financial institutions in the financing of commercial aircraft
  • Conducts regular seminars and workshops on numerous topics concerning aircraft finance, including as to loan pricing
  • Has written extensively on aircraft financing matters, including as to loan pricing
  • Earned numerous distinctions and rankings in his industry
  • Received the highest rankings possible in Chambers USA in the categories of Nationwide Transportation: Aviation: Finance; New York Banking & Finance: Equipment Finance & Leasing; and Nationwide Banking & Finance: Equipment Finance & Leasing
  • J.D. degree, Harvard Law School; B.A. degree, Brown University
  • Can be contacted at 212-407-7730 or [email protected]
View Video

More Program Information

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.