Broyd Partners helped William Shaw at Bloomberg with this article. Loan market traction is slow, but we believe will accelerate now. Loan IQ – the Finastra deal booking system that is used by over 70% of the syndicated loan market – being ready to book the ‘compounded-in-arrears’ SOFR benchmarked loans is a significant factor in giving confidence to banks leading syndications that their new SOFR deals will be accepted and booked correctly.

Big Milestone in Libor Demise Has Barely Budged the Loan Market