Dear {{lead.First Name:default=Subscriber}},

This week I’m reporting from the Association of Corporate Treasurers’ (ACT) annual conference in Liverpool, UK. The transition from the London Interbank Offered Rate (LIBOR) after 2021 and various replacement benchmarks were debated on the main stage. Treasurers discussed the complications of transitioning from LIBOR contracts.

Frances Hinden, vice president of treasury operations at Shell International, commented: “After the serious pain of transition [from LIBOR], we will actually be in a better place.

“I don’t believe there’s any corporate treasury in this country to whom it doesn’t apply. If you could do a word search on all of your treasury-related document, anyone who thinks LIBOR isn’t relevant would be very surprised,” she said.

Stay posted for more from the annual ACT conference later this week. Read more on the transition from Interbank Offered Rates here.

Kind regards,

Vicky Beckett

Editor, The Global Treasurer