The impending transition away from the widely adopted Libor has raised concerns about the suitability of its replacement, SOFR, how significant the value transfer will be and what structured product investors might have to look out for in the coming year.
SRP caught up with Chris Schell (pictured) , partner at law firm Davis, Polk and Wardwell to discuss the need for credit sensitive rates, top client concerns of 2020, and potential risks that may impede structured product investors. Can you elaborate more in terms of value transfers and the potential mismatches between cash and derivative products? Chris Schell : The Libor transition is somewhat unique in the sense that it is a major movement away from a very important and widely used visual m
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