In an interview at AFP 2018, Kimberly MacLeod, Partner with Hunton Andrews Kurth, discusses what corporate treasury professionals can do to prepare for the upcoming transition away from the London Interbank Offered Rate (LIBOR).
MacLeod recommends that treasurers first perform a survey to determine the types of derivative instruments that they have in place where LIBOR might be in play. Corporates should also familiarize themselves with he Secured Overnight Financing Rate (SOFR), which could end up replacing LIBOR as the global interest rate benchmark.
For further insights, be sure to visit AFP's LIBOR Transition Guide
. AFP and Oliver Wyman have also released The Road to Liboration, a new whitepaper that looks at what a transition away from LIBOR could mean for corporate treasurers. Download it here