Lawyers & Professionals

Firm Overview

Instead of trying to be everything to everybody, we’ve made a name for ourselves by delivering what our clients need most: in-depth, hands-on legal counsel throughout the financial services sector — and beyond.

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Firm News

There’s a lot going on at Schulte — we’re wrapping up high-profile matters, welcoming talented new lawyers, speaking on issues that affect our clients, and more.

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Pro Bono

Throughout our history, Schulte has provided comprehensive pro bono services to local and national nonprofit organizations. Today, we serve more than 50 nonprofits and work to advance a variety of social justice causes.

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Diversity and Inclusion

Inside the firm, we work hard to attract diverse, talented lawyers and encourage their career growth and advancement. And outside the office, we’re active in volunteer drives and local initiatives that support women and minorities’ professional success.

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If you’re a current or former Schulte lawyer, join our Alumni Network on LinkedIn to stay connected with old friends, make new contacts, and share your successes, ideas and insights.

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Social Responsibility

We take doing “good work” seriously — whether we’re talking about our high ethical standards or the way in which we foster a positive and inclusive culture for our personnel and support local communities.

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  • New York

    • 919 Third Avenue
    • New York, NY 10022
    • United States of America
      • +1 212.756.2000 Phone
      • +1 212.593.5955 Fax
  • Washington, DC

    • 901 Fifteenth Street, NW, Suite 800
    • Washington, DC 20005
    • United States of America
      • +1 202.729.7470 Phone
      • +1 202.730.4520 Fax
  • London

    • One Eagle Place
    • London SW1Y 6AF
    • United Kingdom
      • +44 (0) 20 7081 8000 Phone
      • +44 (0) 20 7081 8010 Fax

The Alternative Reference Rates Committee (“ARRC”) has requested no-action relief from the Division of Swap Dealer and Intermediary Oversight of the U.S. Commodity Futures Trading Commission (“CFTC”) under the Commodity Exchange Act and related CFTC regulations regarding the treatment of swaps that are amended for the transition to reference risk-free rates (“RFRs”) due to the upcoming cessation of LIBOR and other inter-bank offered rates (together, “IBORs”).

The CFTC previously granted relief from certain swap regulations where a swap is amended for purposes of IBOR transition. The ARRC requests that relief be expanded to include the exchange of voluntary compensation for swaptions, or amendment of a swaption’s terms, by counterparties in response to IBOR transition-related discounting changes made by derivatives clearing organizations (“DCOs”). In addition, the ARRC requests that changes to credit support annexes, where counterparties seek to align the interest rates with the discount rate changes implemented by the DCO, also not be deemed to trigger the regulatory requirements.

Key Publications

CFTC Swaptions No-Action Relief Request Letter, available here

CFTC No-Action Letter No. 19-26, available here