As the transition deadline for most LIBOR contracts is only a few months away, timelines and current requirements are the focus of the hour. At the same time, financial institutions are having to address COVID-19 repercussions, and need to redirect their legal, risk and operational resources for the same.

While the transition from IBOR to alternative benchmark rates is imminent, banks and financial institutions are still posed with internal challenges to complete the transition in a timely and error-free manner. Migrating to new benchmark rates can also pose magnified risk exposures, especially in these areas:

  • Monitoring
  • Application change-the scale of change
  • Calculation of RFRs with P&L impact
  • Safe-testing of the upgraded system

These tasks must be carried out with the utmost care and through a combination of well-established methods, tools and technologies that have been tried and tested. Intellect’s deep understanding of the local domain, system and regulatory landscape, combined with a holistic migration approach can help your organisation carry these tasks out in a timely and non-disruptive manner.

Join us to know more about how Intellect can help your organisation transition to alternative benchmark rates seamlessly,

Mr. Venkatesh Srinivasan
EVP & Partner, Business Head – LIBOR Transition Solution
Intellect Design Arena Limited

Mr. Rohit Gajare
Product Head – LIBOR Transition Solution
Intellect Design Arena Limited