Preparing for the LIBOR Phase Out: Contract Remediation Starts with Contract Intelligence

The London Interbank Offered Rate has long been the global basis for agreements that include a variable interest rate component. However, LIBOR would be replaced by other benchmarks by the end of 2021. Key to assessing risk of exposure, quantifying the financial impact, developing remediation plans and communicating material information to stakeholders will be the identification, analysis and remediation of LIBOR-based contracts.

5 minute readJuly 01, 2020 at 01:18 AM
By
Ryan Drimalla
Karl Dorwart
Preparing for the LIBOR Phase Out: Contract Remediation Starts with Contract Intelligence

The New York Times called it the "most important number in finance." The London Interbank Offered Rate (LIBOR) has long been the global basis for agreements that include a variable

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