Libor, not rate rises, the biggest threat to hedging arrangements
Interest rate hedging arrangements are more vulnerable to Libor's replacement than rises in base rates. Proximo talks hedge mechanics with Cogswell Consulting's Ian Cogswell, Berkeley Research Group's Michael Whalen and JCRA's Rishin Patel.
Related from Proximo:
Beyond Libor: SOFR so good? Michael Whalen looks at SOFR - the likely dollar replacement for Libor
M25 refinancing: A choice decision? The refinancing of this UK availability road concession had to deal with big swap liabilities