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Life after LIBOR:
Is your bank prepared? 

Learn what a post-LIBOR era means to your bank, and how to repaper and renegotiate contracts expiring after 2021.
READ THE ARTICLE

How is your bank planning to pivot to a post-LIBOR world?

The LIBOR phase-out is undoubtedly a logistical challenge, but it also offers opportunities to modernize fragmented, outdated contract processes. Turn the end of LIBOR into a new start for your financial institution. 

  • Assess your contracts
    • Knowing the location and number of contracts that sit within your organization allows you to start planning for the LIBOR transition of these contracts by year-end 2021. Consider artificial intelligence tools to streamline this enormous task.  
  • Create a LIBOR program set for success
    • Build in Contract Lifecycle Management for storage, versioning and tracking. Adopt OCR, Artificial Intelligence and Natural Language Process to auto-extract outdated information and draft fallback contract language. 
  • Rally the appropriate players
    • Connect stakeholders across the organization, from legal, business and risk to finance and IT. Track progress towards compliance and uncover opportunities to automate workflows enterprise wide.
  • Integrate and launch new processes
    • With a new strategy and process defined, set your LIBOR program on go, and then execute according to plan.

With the end of LIBOR approaching, financial institutions have an opportunity to turn a logistical nightmare into a great opportunity.

Serge MalkaPractice Lead, Capital Markets & Risk/Cognizant

Explore resources on re-papering contracts in a post-LIBOR world.

  • LIBOR News for Mortgage Lenders

    By the end of 2020, Fannie Mae and Freddie Mac will no longer accept adjustable-rate mortgages tied to LIBOR. Find out how banks can respond.

    READ BLOG

  • Cognizant LIBOR Repapering Services

    Get guidance on how to quickly and accurately prepare contracts for the LIBOR phase-out.

    DISCOVER SOLUTION

  • LIBOR Frequently Asked Questions

    Get answers to your questions about LIBOR: what is it, what does the end of LIBOR mean, and how this impacts your financial institution.

    GET FAQs

Need help managing your LIBOR next steps?

Cognizant can get you ready to execute your LIBOR program.