Through the BABC, members have the opportunity to develop valuable business contacts within the British American community and to exchange ideas and information with a cross section of business, trade and governmental interests.

Featured Events
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Club Level Highlight

Club Level Feature – McConnell Johnson Real Estate, LLC

McConnell Johnson Real Estate and WiredScore, the pioneer behind Wired Certification, the international standard for cutting-edge internet connectivity in office buildings, recently announced the first certified properties in the state of Delaware.

The pair of office towers on Wilmington’s North Market Street joins the more than 1,700 Wired Certified buildings worldwide that offer top-notch tech capabilities. The designation was assigned upon review of the buildings’ best-in-class connectivity, technological infrastructure and readiness to adopt to emerging technologies. Both office towers, 1201 & 1313 North Market Street achieved the certification’s highest level, Wired Certified Platinum.

Platinum Wired Certification represents the best-in-class standard of in-building connectivity, infrastructure, and readiness. The Empire State Building, Willis Tower in Chicago, and the Shard in London are some of the world-class properties that have achieved this recognition. Collectively encompassing nearly 1 million rentable square feet, these properties offer a range of amenities to tenants including generous floorplates, on-site conference and fitness amenities, abundant parking and walkable access to nearby retail amenities.

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Recent News

The Death of LIBOR Not SOFR Away… Are You Ready? Secured Overnight Financing Rate: The New Benchmark – Expectations & Implications

On Thursday, May 16, 2019, the BABCPHL hosted a finance seminar about The Secured Overnight Financing Rate (SOFR) at the Chamber of Commerce for Greater Philadelphia. In 2021, the London Interbank Offered Rate (LIBOR), the world’s most important financial rate, will go away, but it is unclear what will replace the index used in virtually every significant credit arrangement, bond, swap and financial instrument. The volume of financial contracts based on LIBOR is estimated at $200 trillion. The change will affect every company and financial institution. The Federal Reserve Bank of New York has proposed that SOFR become the new lending resource rate. It is the rate banks will pay on the repurchase agreement market for borrowing overnight. US regulators anticipate SOFR will be widely adopted to back the derivatives and loans market, and to be the universally accepted replacement for the outgoing LIBOR.

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The BABCPHL recognizes our Club Level Members:

  • Almac
  • American Airlines
  • Cigna
  • Cigna
  • Deloitte
  • Drinker Biddle & Reath LLP
  • Duane Morris
  • EisnerAmper LLP
  • HSBC
  • Johnson, Kendall & Johnson, Inc.
  • McConnell Johnson Real Estate
  • Morgan Lewis
  • Law Firm of Pepper Hamilton
  • TD Bank
  • United Airlines
  • Virgin Atlantic