Gordon Peery authored an article in PREA Quarterly

Gordon Peery authored an article in the Winter 2021 issue of PREA Quarterly, “It’s 11:55 a.m. on Monday. Do You Know How Your Interest Is Calculated?” Peery said unless market participants act now, to amend existing documentation to include provisions that would transition payment calculations away from LIBOR to a LIBOR substitute, payments on hundreds of thousands of financial products will be calculated in ways that investors, homeowners, and investment advisors will simply not understand.