Independent Banker - June 2020 - 20

PORTFOLIO
Flipping the switch
on LIBOR
Quick stat
As LIBOR's
Operations
retirement
approaches, here's what
community banks can do now to prepare
for the switch, even if they haven't settled
on which index they plan to use. By Katie
Kuehner-Hebert
he retirement of the London Interbank
Offered Rate, or LIBOR, is fast approaching.
Community banks that use LIBOR to price
certain loans should be assessing an alternative
index or method to use after it's discontinued.
And for those using LIBOR for mortgage loans
sold to Fannie Mae and Freddie Mac, the switch
20 Q ICBA Independent Banker Q June 2020
T
will come even sooner.
While there are a number of possible alternatives
to LIBOR, two indexes have received the
most interest from banks, regulatory agencies
and investment fi rms. One, the Secured Overnight
Financing Rate (SOFR), is recommended
by the Alternative Reference Rates Committee,
a group of private-market participants that the
Federal Reserve Board and the New York Fed
created to aid the transition from LIBOR. The
other is AMERIBOR, or the American Interbank
Off ered Rate.
Each community bank is free to choose the
index or method that suits it best, as long as
5
global currencies
are used in the
calculation of
LIBOR: the U.S.
dollar, the British
pound, the
Japanese yen,
the Swiss franc
and the euro

Independent Banker - June 2020

Table of Contents for the Digital Edition of Independent Banker - June 2020

Table of Contents
Independent Banker - June 2020 - Intro
Independent Banker - June 2020 - Cover1
Independent Banker - June 2020 - Cover2
Independent Banker - June 2020 - Table of Contents
Independent Banker - June 2020 - 2
Independent Banker - June 2020 - 3
Independent Banker - June 2020 - 4
Independent Banker - June 2020 - 5
Independent Banker - June 2020 - 6
Independent Banker - June 2020 - 7
Independent Banker - June 2020 - 8
Independent Banker - June 2020 - 9
Independent Banker - June 2020 - 10
Independent Banker - June 2020 - 11
Independent Banker - June 2020 - 12
Independent Banker - June 2020 - 13
Independent Banker - June 2020 - 14
Independent Banker - June 2020 - 15
Independent Banker - June 2020 - 16
Independent Banker - June 2020 - 17
Independent Banker - June 2020 - 18
Independent Banker - June 2020 - 19
Independent Banker - June 2020 - 20
Independent Banker - June 2020 - 21
Independent Banker - June 2020 - 22
Independent Banker - June 2020 - 23
Independent Banker - June 2020 - 24
Independent Banker - June 2020 - 25
Independent Banker - June 2020 - 26
Independent Banker - June 2020 - 27
Independent Banker - June 2020 - 28
Independent Banker - June 2020 - 29
Independent Banker - June 2020 - 30
Independent Banker - June 2020 - 31
Independent Banker - June 2020 - 32
Independent Banker - June 2020 - 33
Independent Banker - June 2020 - 34
Independent Banker - June 2020 - 35
Independent Banker - June 2020 - 36
Independent Banker - June 2020 - 37
Independent Banker - June 2020 - 38
Independent Banker - June 2020 - 39
Independent Banker - June 2020 - 40
Independent Banker - June 2020 - 41
Independent Banker - June 2020 - 42
Independent Banker - June 2020 - 43
Independent Banker - June 2020 - 44
Independent Banker - June 2020 - 45
Independent Banker - June 2020 - 46
Independent Banker - June 2020 - 47
Independent Banker - June 2020 - 48
Independent Banker - June 2020 - 49
Independent Banker - June 2020 - 50
Independent Banker - June 2020 - 51
Independent Banker - June 2020 - 52
Independent Banker - June 2020 - 53
Independent Banker - June 2020 - 54
Independent Banker - June 2020 - 55
Independent Banker - June 2020 - 56
Independent Banker - June 2020 - 57
Independent Banker - June 2020 - 58
Independent Banker - June 2020 - 59
Independent Banker - June 2020 - 60
Independent Banker - June 2020 - 61
Independent Banker - June 2020 - 62
Independent Banker - June 2020 - 63
Independent Banker - June 2020 - 64
Independent Banker - June 2020 - 65
Independent Banker - June 2020 - 66
Independent Banker - June 2020 - 67
Independent Banker - June 2020 - 68
Independent Banker - June 2020 - 69
Independent Banker - June 2020 - 70
Independent Banker - June 2020 - 71
Independent Banker - June 2020 - 72
Independent Banker - June 2020 - Cover3
Independent Banker - June 2020 - Cover4
https://www.nxtbook.com/mspc/independentbanker/october2024
https://www.nxtbook.com/mspc/independentbanker/september2024
https://www.nxtbook.com/mspc/independentbanker/august2024
https://www.nxtbook.com/mspc/independentbanker/july2024
https://www.nxtbook.com/mspc/independentbanker/june2024
https://www.nxtbook.com/mspc/independentbanker/may2024
https://www.nxtbook.com/mspc/independentbanker/april2024
https://www.nxtbook.com/mspc/independentbanker/march2024
https://www.nxtbook.com/mspc/independentbanker/february2024
https://www.nxtbook.com/mspc/independentbanker/january2024
https://www.nxtbook.com/mspc/independentbanker/december2023
https://www.nxtbook.com/mspc/independentbanker/november2023
https://www.nxtbook.com/mspc/independentbanker/october2023
https://www.nxtbook.com/mspc/independentbanker/september2023
https://www.nxtbook.com/mspc/independentbanker/august2023
https://www.nxtbook.com/mspc/independentbanker/july2023
https://www.nxtbook.com/mspc/independentbanker/june2023
https://www.nxtbook.com/mspc/independentbanker/may2023
https://www.nxtbook.com/mspc/independentbanker/april2023
https://www.nxtbook.com/mspc/independentbanker/march2023
https://www.nxtbook.com/mspc/independentbanker/february2023
https://www.nxtbook.com/mspc/independentbanker/january2023
https://www.nxtbook.com/mspc/independentbanker/december2022
https://www.nxtbook.com/mspc/independentbanker/november2022
https://www.nxtbook.com/mspc/independentbanker/october2022
https://www.nxtbook.com/mspc/independentbanker/september2022
https://www.nxtbook.com/mspc/independentbanker/august2022
https://www.nxtbook.com/mspc/independentbanker/july2022
https://www.nxtbook.com/mspc/independentbanker/june2022
https://www.nxtbook.com/mspc/independentbanker/may2022
https://www.nxtbook.com/mspc/independentbanker/april2022
https://www.nxtbook.com/mspc/independentbanker/march2022
https://www.nxtbook.com/mspc/independentbanker/february2022
https://www.nxtbook.com/mspc/independentbanker/january2022
https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
https://www.nxtbook.com/mspc/independentbanker/september2021
https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
https://www.nxtbook.com/mspc/independentbanker/february2021
https://www.nxtbook.com/mspc/independentbanker/january2021
https://www.nxtbook.com/mspc/independentbanker/december2020
https://www.nxtbook.com/mspc/independentbanker/november2020
https://www.nxtbook.com/mspc/independentbanker/october2020
https://www.nxtbook.com/mspc/independentbanker/september2020
https://www.nxtbook.com/mspc/independentbanker/august2020
https://www.nxtbook.com/mspc/independentbanker/july2020
https://www.nxtbook.com/mspc/independentbanker/june2020
https://www.nxtbook.com/mspc/independentbanker/may2020
https://www.nxtbook.com/mspc/independentbanker/april2020
https://www.nxtbook.com/mspc/independentbanker/march2020
https://www.nxtbook.com/mspc/independentbanker/february2020
https://www.nxtbook.com/mspc/independentbanker/january2020
https://www.nxtbook.com/mspc/independentbanker/december2019
https://www.nxtbook.com/mspc/independentbanker/november2019
https://www.nxtbook.com/mspc/independentbanker/october2019
https://www.nxtbook.com/mspc/independentbanker/september2019
https://www.nxtbook.com/mspc/independentbanker/august2019
https://www.nxtbook.com/mspc/independentbanker/july2019
https://www.nxtbook.com/mspc/independentbanker/june2019
https://www.nxtbook.com/mspc/independentbanker/may2019
https://www.nxtbook.com/mspc/independentbanker/april2019
https://www.nxtbook.com/mspc/independentbanker/march2019
https://www.nxtbook.com/mspc/independentbanker/february2019
https://www.nxtbook.com/mspc/independentbanker/january2019
https://www.nxtbook.com/mspc/independentbanker/december2018
https://www.nxtbook.com/mspc/independentbanker/november2018
https://www.nxtbook.com/mspc/independentbanker/october2018
https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
https://www.nxtbook.com/mspc/independentbanker/april2017
https://www.nxtbookmedia.com