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

By 2021, interbank rates, such as the London Interbank Offered Rate (LIBOR) are expected to be replaced by an Alternative Reference Rate (ARR) as the global interest rate benchmark.

The IBORs (known collectively as ‘Interbank Offered Rates’) are floating rates based on actual or estimated interbank offering rates for short-term loans and have been under challenge for some time.

IBORs are a cornerstone of the financial industry today, and a transition away from it will impact a vast array of products, businesses, systems, and processes, as well as customers and counterparties.

Read more on this topic here.

Kind regards,

Vicky Beckett

Editor, The Global Treasurer