After more than 40 years, the industry-wide standard for calculating interest rates — the London Interbank Offer Rate, or LIBOR is being put to bed. Today, LIBOR is tied to over $350 trillion in financial contracts, and yet the Financial Conduct Authority (FCA) has announced that it will phase out the use of LIBOR by the end […]

The post Preparing Your Contracts for LIBOR: What You Need to Know Part 1 appeared first on Exigent.