Life After LIBOR: the Rise of Risk-Free Rates in India
· Trading volumes for OTC derivatives tied to the LIBOR alternative have risen by more than 600% since the committee’s March report
· Floating-rate debt issuance tied to SOFR now accounts for nearly all private issuance
· Corporations are starting to issue bilateral business loans and other products tied to SOFR
Please join us as we discuss the current situation in India, including the transition to Modified MIFOR for derivatives trades and the many post-LIBOR challenges that remain to be addressed, such as:
· Term SOFR and the use of other available indices like BSBY
· Basis risk on trade transactions
· Hedging using the new RFR curves
Agenda 5:00pm – 5:10pm Welcome address & overview by Bloomberg 5:10pm - 5:40pm Panel Discussion Speakers
Vitthal Kulkarni, Senior Vice President-Treasury Analytics, HDFC Bank
Sravan Kumar, Head - Market Making, Treasury Products & Technology Initiatives, ICICI Bank Ltd Moderator
Rohit Mandhotra, Risk Workflow Specialist, Bloomberg 5:40pm - 6:00pm Q&A and closing remarks .agenda-button .btn { background-color: #00D2B3 !important; }
Speakers
Vitthal Kulkarni
Senior Vice President – Treasury Analytics
HDFC Bank
Vitthal kulkarni is Senior VP with HDFC Bank having 20 plus years experience in vanilla & exotic derivatives structuring, trading, valuations and risk management with global banks in Asia Pac and Europe. He has worked with leading software vendors for development and implementation treasury functionalities for various asset classes. He participates on global financial market forums to facilitate development of new products and methodologies.
Sravan Kumar
Head - Market Making, Treasury Products & Technology Initiatives
ICICI Bank Ltd
Sravan has 17 years of experience in Finance and Treasury, all in ICICI Bank. He currently handles the Market Making Desk for Fx and Derivatives. He holds a PGDM from IIM, Ahmedabad and an honors degree in Electrical Engineering from Birla Institute of Technology and Science, Pilani.
Rohit Mandhotra
Risk Workflow Specialist
BLOOMBERG/ MUMBAI OFFICE