Semiannual Market Update for European Real Estate
- July 14, 2020 at 11 a.m. BST
- 60 minutes
- On Demand
In this installment of Chatham’s semiannual market update webinar series for European real estate investors, we will examine current market conditions, communications from the European Central Bank and Bank of England, and IBOR transition, all within the context of the COVID-19 market.
- Gain a practical understanding of the economic drivers currently impacting today's markets.
- Gather insights on effective strategies for financial risk management.
- Understand what to expect in the coming months for IBOR transition.
This material has been created by Chatham Financial Europe, Ltd. and is intended for a non-U.S. audience. Chatham Financial Europe, Ltd. is authorised and regulated by the Financial Conduct Authority of the United Kingdom with reference number 197251.
Our featured insights
On Friday, October 23, the International Swaps and Derivatives Association (ISDA) launched the IBOR Fallbacks Supplement and Protocol, which provides a framework for transitioning interest rate derivatives from USD LIBOR to SOFR.
Please join our webinar where we aim to give you practical tools to help you prepare for the LIBOR transition and address some of the most urgent problems that our housing association clients are currently facing when managing their debt portfolios.
Negative interest rates inch closer to reality in the UK as the Bank of England checks on banks’ readiness. The following summarises why the topic is being raised again and a reminder of previous Chatham insights on the subject matter.
These frequently asked questions address some of the common issues that commercial real estate borrowers face when considering an interest rate swap. These include swap rates and mechanics, prepayment/breakage, documentation, and LIBOR transition.
Today’s leading commercial real estate (CRE) investors have followed a three-step process to optimize the management of their debt by minimizing operational and data integrity risks, portfolio blind spots, and time-intensive processes.
LIBOR transition continues with the announcement of ISDA’s protocol release date, updated language from the ARRC for bilateral business loans, and possible amendments to the EU Benchmarks Regulation to help ease the transition.
In connection with the U.S. market’s transition from LIBOR to SOFR, Chatham has updated our SOFR forward curve by extending it from five years to 30 years. This piece explains the nature of that update, the reasons for it, and what may be in store for forward-looking term SOFR.
The information presented in this report represents average credit spread conclusions segregated by property type and grouped by LTV for the quarter ending September 30, 2020.
Please use this form to request your copy of the Q3 2020 Average Market Credit Spreads report from Chatham.