Numerix Develops New Libor Transition Tool
NextGen Strategic Advisors partnered on the Oneview extension, which combines machine learning and NLP to help firms prep for Libor’s discontinuation.
The date looms large: 12-31-2021. Barring a delay, New Year’s Eve 2021 marks the last day that the Libor benchmark is to be published. While that’s the date pegged by the Financial Conduct Authority (FCA), the ostensible death knell for the discredited rate could actually come sooner than that.
There are currently more questions than answers for exactly how this transition to an alternative benchmark—such as the Secured Overnight Financing Rate (Sofr) for US dollar contracts or the Sterling
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