The end of LIBOR: A guide for treasurers
Hedging and Capital Markets
Private Equity | London
This white paper is intended to help treasurers prepare for the disappearance of the financial sector’s most important number.
- LIBOR will be discontinued after the end of 2021.
- Between now and the end of 2021 treasurers will need to restructure their loans and derivatives so that risk-free rates are referenced instead of LIBOR.
At $240 trillion, the value of debt and derivative contracts that rely on the London Interbank Offered Rate (LIBOR) is approximately three times global GDP. Meanwhile, LIBOR itself is set to be discontinued shortly after the end of 2021. This primer is intended to help treasurers prepare for the disappearance of the financial sector’s most important number.
This material has been created by Chatham Financial Europe, Ltd. and is intended for a non-U.S. audience. Chatham Financial Europe, Ltd. is authorised and regulated by the Financial Conduct Authority of the United Kingdom with reference number 197251.