How are discussions going with your bank about transition from LIBOR to SONIA?

Following my blog of 12th July I am getting feedback that the banks, and their borrowers, are well progressed on the largest loans that need work on transition, but that the banks are concerned about some borrowers with smaller loans, who are not fully engaging with the process, and they are having to ‘chase’ them Read more about How are discussions going with your bank about transition from LIBOR to SONIA?[…]

LIBOR transition to SONIA – are you working with your lender?

The transition of loans that are currently linked to LIBOR (London Inter-Bank Offer Rate) onto its replacement, SONIA (Sterling Overnight Index Average) is now well progressed and banks are managing this process well it seems. Each have produced useful guidance notes for borrowers that are affected and setting out the options available to them as Read more about LIBOR transition to SONIA – are you working with your lender?[…]

Trade Finance – how it unlocked a deal for a great client

Many trading businesses are finding that with the decline in the availability of bank overdraft facilities, they are having to use other forms of finance to ‘oil the wheels’ of transactions where the ‘terms of trade’ make cashflow a challenge. A priority client for ‘Cornmill Associates’ found this was the case when they secured a Read more about Trade Finance – how it unlocked a deal for a great client[…]