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Education - List of upcoming event



[Webinar] SOFR Term Rates - FREE (FULL)

Speaker: Mr Ravi Pandit, Executive Director, FX and Interest Rate Products, Asia Pacific, CME Group
Venue: Webinar (Zoom)
Date & Time: 5:00 pm - 6:00 pm, 10 August 2021 (Tue)
CPD: 1


This Education programme is FULL.

                                          FULL


The Alternative Reference Rates Committee (ARRC) announced in May 2021 it selected CME Group as the administrator that it plans to recommend for a forward-looking Secured Overnight Financing Rate (SOFR) term rate, once market indicators for the term rate are met. The ARRC recommended term rate is referenced directly in the ARRC fallback contract language and in the New York State Legislation. In conjunction with its work towards a final recommendation of a SOFR term rate, the ARRC also plans to recommend best practices for the use of the term rate, including for example as a fallback rate for legacy cash products referencing USD LIBOR and in new USD loans where the borrowers otherwise have difficulty in adapting to the new environment.

 

Against this background, TMA has invited Mr Ravi Pandit, Executive Director, FX and Interest Rate Products, Asia Pacific, CME Group, to give a talk about the latest developments of SOFR at 5-6pm on 10 August 2021 (Tue), with agenda as below. Since this webinar would be useful to corporate treasurers preparing for the transition after end-2021, TMA would extend the webinar invitation to all individual members Free-of-Charge.

Agenda:

  Introduction to SOFR

  Progress of listed SOFR derivatives

  Use Cases

  CME SOFR Term Rate; methodology and use cases

  Libor Transition for ED futures and Options

Owing to limited capacity of the conferencing system, priority of enrolment will be given on a“first-come-first-serve”basis. To enroll, please click the Registration link or scan the QR Code to register on or before 5 August 2021 or until the quota is full (whichever applicable).


Online registration link:

https://docs.google.com/forms/d/e/1FAIpQLSdErHzpRaie7_A_PqXe-4gFjOoXkQm7UBDdRsGwWJSiLCksUg/viewform


Or scan this QR code to register:


Biography of Speaker:

Mr RAVI PANDIT

Executive Director, Foreign Exchange and Interest Rate Products, Asia Pacific, CME Group

Ravi Pandit serves as Executive Director, Foreign Exchange and Interest Rate Products, Asia Pacific, for CME Group, based in Singapore. He is responsible for expanding CME Group’s existing FX and interest rate business and developing new opportunities across the region.

Pandit joined CME Group in August 2015, and he has close to 30 years of experience in the financial markets.  Prior to joining CME Group, Pandit was a consultant to Singapore Exchange, where he provided strategic advice and project management for its launch of listed FX futures.  Before that, Pandit worked for 12 years in Dresdner Bank and subsequently Commerzbank post-merger, where he headed up the local markets trading team, and helped build up its Asian presence in interest rate and FX derivatives trading.  Pandit also worked in various trading roles at Barclays Bank, across Hong Kong, Singapore and Tokyo, and in operations & technology at Citibank, across Hong Kong and Mumbai.

Pandit holds a Masters degree in Chemical Engineering from Syracuse University and an MBA in Finance from the University of California, Berkeley.

Participants are entitled to receive 1 CPD (TMA) credit upon completion of the webinar. TMA is the administrator for the Enhanced Competency Framework on Treasury Management (ECF-TM) and a recognized institution of Securities and Futures Commission (SFC) for providing continuing professional development (CPD) activities. The CPD hours can be used to meet the CPD requirements of the ECF-TM and the SFC.  To qualify for the CPD credit or attendance certificate of the webinar, all participants have to show their registered full names (same names in the registration form) for attendance check. We regret that neither CPD nor attendance certificate will be given to those who are late for the webinar or leave early. TMA Office will update TMA Individual Members’ CPD record after the webinar is held.