The following Banking & Finance practice note provides comprehensive and up to date legal information covering:
This Practice Note provides:
information on the background to the transition away from London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs) towards using risk-free rates (RFRs) (so named because they reflect minimal credit risk—see glossary definition below)
an explanation of key terms in relation to the transition to RFRs
a table setting out the RFR selected for each LIBOR currency and the focus of the relevant Working Group
an explanation of contractual fallbacks for LIBOR
information on the specific issues for the loan market of the transition to RFRs
information on the specific issues for the derivatives market of the transition to RFRs
information on the specific issues for the debt capital markets of the transition to RFRs, and
information on the current status of developments in relation to EURO benchmarks, including EONIA, €STR and EURIBOR
For a quick reference guide, a list of FAQs on LIBOR transition, and key outstanding discussion points following the end of 2021, see Practice Note: LIBOR transition—FAQs and glossary.
For detailed information on documentary issues for the loan market in relation to transition away from LIBOR, see Practice Note: Interest provisions in risk-free rate based loan agreements.
For access to our interactive LIBOR transition toolkit, see Practice
Free trials are only available to individuals based in the UK
Complete all the fields above to proceed to the next step.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
RobberyRobberyRobbery is a theft offence, involving dishonesty but elevated also by the intention to use force.Robbery can only be tried in the Crown Court on indictment and is categorised as a class 3 offence.Elements of the offence of robberyA person is guilty of robbery if:•they steal something,
The Financial Assistance Scheme—what are the available benefits?THIS PRACTICE NOTE APPLIES TO SCHEMES ENTERING THE FINANCIAL ASSISTANCE SCHEME FROM 1 JANUARY 2012.Where a scheme, its employer(s) and individual members have satisfied the criteria for eligibility into the Financial Assistance Scheme
Voluntary manslaughterVoluntary manslaughterVoluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element for murder) but which are reduced to manslaughter because of one of the three special defences (loss of control, diminished
EL/PL claims in the portal—a practical guide (Stage 1)This Practice Note provides an overview of the Pre-Action Protocol for Low Value Personal Injury (Employers’ Liability and Public Liability) Claims from 31 July 2013 (the EL/PL protocol) in particular Stage 1 of the process. For guidance on Stage
0330 161 1234