INTRODUCTION
STEP 1: TAKE STOCK OF LIBOR-BASED PRODUCTS
STEP 2: MINIMIZE MISMATCHES BETWEEN OBLIGATIONS AND DERIVATIVES
STEP 3: ANALYZE MATERIAL RISKS AND FORMULATE RISK MITIGANTS
STEP 4: PLAN ON HOW BEST TO CONVERT SYSTEMS
AND AMEND LEGACY CONTRACTS
STEP 5: PREPARE FOR COMMUNICATIONS AND REGULATORY ENGAGEMENT
HIGH-LEVEL CHECKLIST OF KEY TASKS
CONTACTS
APPENDICES
A: Sample of Existing Fallbacks for Various Asset Classes 30
B: Fallbacks and Related Issues 32
C: Spotlight on Corporate Finance, Litigation, Accounting & Tax Issues 44
D: A Look at the Legislative "Fixes" on Legacy Contracts 54
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Table of Contents
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