Gage’s Sharings
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Technology Isn’t Getting Faster — It’s Getting Slower (And It’s Not Your Fault)
For years, we’ve been told a simple story about technology: hardware improves, software improves, and everything becomes faster, smoother, and more efficient. But many professionals are quietly noticing…
4 min read
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Understanding ARRs / RFRs with Calculation Examples & System Implementation – Part 2 of 2
I. Recap & Expanded Context We already covered: This section drills into calculation methodologies, formula examples, and system behavior related to overnight ARR-based interest calculations. II. Interest Calculation…
4 min read
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Guide to Alternative Reference Rates (ARR): From LIBOR to Risk-Free Rates and Term Benchmarks – Part 1 of 2
Introduction This guide is designed to educate market participants, analysts, legal teams, and operations professionals on the transformation of global interest rate benchmarks—from legacy indices like LIBOR to…
4 min read
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Private Credit: A Comprehensive Guide to Direct Lending and Syndicated Structures
Introduction: Private Credit Syndicated Loans – A Training Guide Private credit is one of the fastest-growing segments of global capital markets, yet it remains one of the most…
4 min read
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Non Pro Rata in Syndicated Loans: Training Guide
Introduction In syndicated lending, the default expectation is that all lenders in a loan facility share in principal repayments, interest, fees, and amendments pro rata—meaning, based on their…
4 min read
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Payment‑in‑Kind (PIK) Trading & Agent Bank: Training Guide Part 2
This is the second guide in the series on Payment-in-Kind (PIK). Readers are encouraged to review the initial guide, “Payment-in-Kind (PIK) Interest: Training Guide,” beforehand, as this guide…
4 min read
