The LIBOR phase-out is undoubtedly a logistical challenge, but it also offers opportunities to modernize fragmented, outdated contract processes.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.
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.
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 Adopt OCR, Artificial Intelligence and Natural Language Process to auto-extract outdated information and draft fallback contract language.
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.
With a new strategy and process defined, set your LIBOR program on go, and then execute according to plan.
Serge MalkaPractice Lead, Capital Markets & Risk/Cognizant
See what steps are involved in the LIBOR transition, from assessing affected contracts to launching your repapering process.GET INFOGRAPHIC
Get guidance on how to quickly and accurately prepare contracts for the LIBOR phase-out.DISCOVER SOLUTION
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Michael Diamond/ / President/Polywop Enterprises
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