LIBOR Sunset Update – What to Do Now

Thoughtware Alert Published: Apr 17, 2020
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By the end of 2021, banks will no longer be required to publish rates that are used to calculate the London Interbank Offered Rate (LIBOR). LIBOR serves as a reference rate for derivative transactions, as well as bond investments, bank loans and variable-rate mortgages. Market participants need a replacement rate that is supported by a liquid market and behaves in a predictable manner. This article provides an update on reference rate reform activities and guidance on what companies should do now.

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