
IBOR discontinuance
IBOR Discontinuance
Important Disclaimer
The following is provided for information purposes only. It does not constitute advice (including legal, tax, accounting or regulatory advice). No representation is made as to its completeness, accuracy or suitability for any purpose. Recipients should take such professional advice in relation to the matters discussed as they deem appropriate to their circumstances.
Preparing for Transition from IBOR to Alternative Reference Rates
Interbank Offered Rates (“IBORs”), being the interest rate at which banks lend to and borrow from one another in the interbank market, are in the process of being reformed. There are a number of IBORs that are widely used in the financial markets including the London Interbank Offered Rate (“LIBOR”) and the Euro Interbank Offered Rate (“EURIBOR”).