The London Interbank Offered Rate (LIBOR), is being retired. The transition from LIBOR to a new Alternative Reference Rate (ARR) needs to be completed by December 2021. But moving on won’t be easy, given that LIBOR serves as the benchmark for trillions of dollars of financial instruments - spanning everything from complex derivatives and commercial loans to home mortgages.
The ability to quickly and accurately interrogate and analyze contracts will prove to be the key differentiator in simplifying and expediting this complex transition.
As a best-in-class CLM and contract analytics platform, Sirion offers AI-powered capabilities to seamlessly drive the end-to-end LIBOR transition process – beginning with enterprise-wide contract review and digitization, followed by term extraction, remediation/repapering, and third-party collaboration.
Download this solution brief to learn how Sirion’s advanced technology can help simplify the LIBOR transition process for your organization.