• BDO Knows LIBOR Transition

The discontinuation of the London Interbank Offered Rate (LIBOR) at the end of December 2021¹ will disrupt the market, financial organizations and companies across all industries that have intercompany financial agreements. The financial services industry in particular is severely impacted by the LIBOR transition, given the significant documentation that must be amended to maintain compliance with the new standard.
 

 

¹ 1-week and 2-month tenors will retire on December 31, 2021. For legacy products only, other maturities will continue to be published through June 30, 2023.

 

HOW BDO CAN HELP

With the LIBOR phase-out fast approaching, the transition might seem daunting, particularly for those organizations requiring a more involved transition process. However, it’s not too late to put an effective plan in place to help mitigate risk and limit business disruption.
 

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