A Practical Guide to LIBOR transition, prepared by Slaughter and May for the Association of Corporate Treasurers (ACT), provides a starting point for finance and treasury teams transitioning LIBOR-referencing financial products to alternative rates. It contains an overview of the key issues for users of loans, derivatives and other products - replacement rate options, calculation conventions and market documentation - alongside links to sources of further information.
Slaughter and May’s LIBOR Transition Working Group are monitoring closely developments in relation to LIBOR, EURIBOR and other major benchmarks and advise corporates and financial institutions on managing LIBOR transition and the replacement of IBOR rates in floating rate financial products.
The Guide includes details of key contacts at the ACT and Slaughter and May.