LIBOR transition readiness assessment

 

The London Interbank Offered Rate (LIBOR), a key interest rate benchmark, is being phased out by the end of 2021. The impending change to SOFR and other alternative reference rates (ARRs) affects companies in every industry — including yours. If your corporation isn’t in the financial services field, you could have a challenging time identifying exposures beyond the common areas of debt and derivatives that may exist across business lines.

 

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