November 09, 2020

Shearman & Sterling Launches New LIBOR Transition Guide

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SHEARMAN & STERLING LAUNCHES NEW LIBOR TRANSITION GUIDE FOR CORPORATE TREASURERS AND CFOS

The LIBOR transition is not simply a “bank problem.” With the looming transition deadline of year-end 2021, we specifically designed a guide for corporates entitled, How Best to Navigate the LIBOR Transition: Challenges and Solutions for Corporate Treasurers and CFOs, where we discuss the following five key steps for a successful transition:

  1. Take Stock of LIBOR-based Products, as Issuers and Buyers
  2. Minimize Potential Mismatches Between Existing Obligations and Matching Derivatives
  3. Analyze Material Risks and Formulate Risk Mitigants
  4. Plan How Best to Convert Systems and Amend Legacy Contracts
  5. Prepare for Communications and Regulatory Engagement

While other steps are most certain to arise in the course of transition-related work (a checklist of other key tasks is provided here), we believe these five steps set the stage for proper and thoughtful engagement by those within the corporate treasury and financial function to advance a firm’s transition away from LIBOR.

Read How Best to Navigate the LIBOR Transition: Challenges and Solutions for Corporate Treasurers and CFOs.

Authors and Contributors

Mark Chorazak

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Thomas Donegan

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Geoffrey Goldman

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Donna Parisi

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