Video

  • 24 minutes

What Is LIBOR?

 

The London Interbank market is where banks often go to get their loans from Peter to make their loans to Paul.

LIBOR rates are short-term fixed rates quoted for interest periods of, typically, one, two, three and six months; overnight and 12-month interest periods are also available. Insofar as these rates are set for discrete periods of time they are good for the duration of those periods and are reset at the end of those periods to the then available rates reflecting market conditions. Over the years there has been some evolution on how the rates are quoted in the market. This video reviews a history of LIBOR, discusses ICE LIBOR and payment conventions, and talks about what is wrong with LIBOR.

Runtime: 24 minutes

Agenda

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]

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