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The Valuation of Financial Instruments in a Post-LIBOR World
Valuation Services
Webcast

The Valuation of Financial Instruments in a Post-LIBOR World

The imminent end of the London Inter-Bank Offered Rate, after its five-decade prominence as the primary benchmark rate, has prompted many companies to start allocating resources to focus on transition readiness programs. Gain insights on the LIBOR transition process.

Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

1.5

Instructor

Matthew L. Goldberg, Manny Ngan

Availability

3 months

Product Number

WC3455160

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 Business & partner 
Product Details

Phasing out the London Inter-Bank Offered Rate

LIBOR is set to be phased out by the end of 2021, so market practitioners are implementing processes and procedures for adopting new alternative reference rates (ARRs) for their floating rate financial instruments.

The effects of the LIBOR transition extends beyond a company's immediate accounting policies; it also has implications on a company’s overarching investment framework and risk management process.

In this webcast, you'll learn about strategies for transition readiness, including the importance of comprehensive considerations from different stakeholders.

Key Topics

  • Background information on LIBOR transition
  • Transition approach
  • Modeling/interest rate calculation/valuation considerations
  • Project planning insights/organizational challenges
  • Accounting considerations
  • Recent updates on market developments and regulatory announcements

Learning Outcomes

  • Identify the most recent updates, market developments, and other regulatory announcements pertaining to the adoption of the Secured Overnight Financing Rate (SOFR)
  • Analyze the recent technical accounting update to ASC Topic 848 – Reference Rate Reform, including an overview of ASU 2101-01, which was released earlier this year
  • Identify the most prominent internal challenges companies are facing as part of their LIBOR transition process, including challenges related to risk management, technical modeling and accounting

Who Will Benefit

  • CEOs
  • CFOs
  • CIOs
  • Controllers
  • Treasurer Team
  • Accountants and finance professionals
More Details
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
1 hr and 15 mins
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Group ordering for your team

2 to 5 registrants

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Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Matthew L. Goldberg
Matthew Goldberg is a Principal in the Valuation and Business Analytics group of BDO and leads the group’s Financial Services, Complex Financial Instruments, and Hard-to-Value Assets Practice. Having more than 15 years of advisory and financial services experience, Matthew brings his institutional experience when working with client to provide advisory services that achieve a range of business and strategic objectives. In addition, to providing valuation services, his practice provides model validation, risk management, and asset liability management consulting services. He has strong experience across industries and has focused on healthcare and life sciences throughout his career. He has been involved in numerous engagements including assisting management in strategic planning, performing projects for financial reporting and tax reporting, and providing advisory services related to mergers and acquisitions. Prior to joining BDO, Matthew worked in a Big Four Firm’s Transaction Advisory Services Practice providing valuation services. His experience includes providing consulting services for buy- and sell-side transactions, investment banking, pre-acquisition due diligence, and business interruption analyses.
Manny Ngan
Manny Ngan is a Director of BDO’s Valuation and Business Analytics practice. Manny has over 10 years of experience providing corporate finance and valuation services to clients as well as assisting them in identifying, quantifying, and managing risk. He specializes in complex financial instruments valuation, capital market transaction analytics, as well as corporate finance advisory services. Manny’s areas of focus include: Complex Financial Instruments Valuation: Equity / Hybrid Derivatives: Assisting clients with structuring and valuing equity derivatives including options/warrants, convertible notes and convertible preferred, earn-outs, restricted stock units, and contingent value rights. Structured Products: Assisting clients with valuation of RMBS, CMBS, CLO, ABS, and CDO. Fixed income Instruments: Assisting clients with the structuring and valuation of callable/putable debt, loan portfolios, and debt modifications. Interest Rate and Credit derivatives: Assisting clients with the valuation of forward contracts, swaps, swaptions, and other exotic derivative instruments. Capital Market Transaction Analytics: Providing clients with capital market transactions analytics and insights on how to avoid common structuring/pricing pitfalls, thereby leading to potential tangible and/or intangible savings. Capital Allocation Strategies: Assisting clients with excess cash strategies, including share repurchase and dividend policy implementation and execution. Capital Structure Optimization: Advising clients on the optimal funding mix for M&A transactions, including credit rating and valuation implications, in addition to advising on investor positioning and market signaling. Prior to joining BDO, Manny was a Senior Manager of Ernst and Young’s Valuation, Modeling, and Economics group, where he led a team of 11 members for the West Coast Complex Securities Valuation Practice.
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