The LIBOR transition is not simply a “bank problem.” With the looming transition deadline of year-end 2021, we specifically designed a guide for corporates entitled, How Best to Navigate the LIBOR Transition: Challenges and Solutions for Corporate Treasurers and CFOs, where we discuss the following five key steps for a successful transition:
- Take Stock of LIBOR-based Products, as Issuers and Buyers
- Minimize Potential Mismatches Between Existing Obligations and Matching Derivatives
- Analyze Material Risks and Formulate Risk Mitigants
- Plan How Best to Convert Systems and Amend Legacy Contracts
- Prepare for Communications and Regulatory Engagement