Regulators globally have signaled that firms should transition away from the London Interbank Offered Rate(LIBOR) to an alternative overnight Risk-Free Rates (RFRs). As the sun sets on LIBOR , financial institutions should be gearing up to lessen the impact on their banking books, trading books, as well as their clients’ portfolios. Given the widespread impact on the entire financial services diaspora, covering banking, capital markets, insurance and corporate treasury, the clock has already started ticking for enterprises to be on their way to migrate to an alternative Risk-Free Rate(RFR) world. To cater to this pressing need of the banks, we have recently launched Intellect LIBOR Transition solution to help banks with a holistic migration approach and enable a smooth transition into RFRs, covering all aspects of the transition.

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