FHLBanks LIBOR Transition


The Federal Housing Finance Agency (FHFA) has issued instructions to FHLBanks to begin transitioning away from LIBOR. This includes two deadlines impacting the maturities for any LIBOR-based assets, debt or derivatives.

"By March 31, 2020, FHLBanks should no longer enter into new financial assets, liabilities and derivatives that reference LIOBR and mature after December 31, 2021." Click here to read the announcement and here to read the complete letter.


About Principia Partners

Principia Partners LLC (Principia) provides solutions for derivative and structured finance operations. Global financial institutions and independent asset managers have used the award-winning Principia Structured Finance Platform since 1995 to unify investment analysis, portfolio management, risk surveillance, accounting and operational control across the breadth of structured credit assets, fixed income investments and complex derivatives. In 2015, Principia launched its Analytic Service, pasVal, to make its award-winning pricing and analytics available to an even broader range of businesses.

Principia is based in New York, with an office in London and a technology center in King of Prussia, Pennsylvania.