A DerivSource podcast series sponsored by Murex
As the market prepares for the transition away from the use of LIBOR to alternative benchmarks or risk-free rates (RFRs), financial institutions must closely look at their strategies for tackling legacy trades, which reference this soon to expire interbank lending rate. The trouble with legacy trades is that there is no one way to migrate these transactions to the post LIBOR era. Rather, there are several options a firm can take. And all methods will likely be taken to adjust the entire portfolio in question. Including the reliance on the ISDA IBOR Fallbacks, direct renegotiation of contracts with counterparties or even reliance on synthetic LIBOR, which is in the works in some jurisdictions. In short, tackling this one element of the LIBOR transition is set to be laborious and a complex task for many firms.
In this podcast series, we explore the complexities, challenges and opportunities firms have when looking to execute their own strategy to migrate legacy trades away from LIBOR. In this 3-part series, we take a look at some of the market-wide, legal, operational and technological hurdles, inherent in this journey for the derivatives and cash markets. Tune in to also learn more about the options and solutions that may assist a firm as it works towards the upcoming deadlines.
Episodes: (Links added as episodes are broadcast)
- Episode 1 – LIBOR Transition: What are the Top Market-wide Challenges Remaining?
- Episode 2 – LIBOR Transition: What are the Legal Questions and is the Fallback Mechanism Enough?
- Episode 3 – LIBOR Transition: What are the Complexities and Opportunities in a System Execution Plan?
All episodes can be found under the “Podcast tab” on the homepage. See individual episode pages for podcast show notes.
