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Clifford Chance

Briefings

Rate Expectations: Transitioning away from LIBOR - practical guidance for corporate treasurers

1 May 2019

It has been over 18 months since Andrew Bailey, Chief Executive of the UK’s Financial Conduct Authority (FCA), announced the need for the market to transition away from LIBOR before the end of 2021. As we get ever closer to that December 2021 end date, this briefing explores the current state of LIBOR transition, what a move to risk-free rates will mean in practice for corporate treasurers, and some key steps that treasurers might take in the near term to ready themselves for LIBOR’s potential demise.

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Rate Expectations: Transitioning away from LIBOR - practical guidance for corporate treasurers

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