LIBOR is in the process of being retired and replaced with new alternative rates. The Corporate Treasury Technology Preparedness for LIBOR Transition White Paper, supported by PMC, details the transition away from LIBOR and its impacts on the corporate treasurer.

While most treasury and finance groups are actively categorizing, documenting and negotiating the replacement of their LIBOR based financial instruments, an underappreciated risk resides in systems risk for the financial tracking and administration of new alternate rates like SOFR.

Many organizations are looking to address this treasury technology gap risk after the contracts are renegotiated. The potentially extended time frame, costs and staff impact requirements of correcting the technology gap, make addressing it immediately more critical.

Additional LIBOR Resources

• AFP's LIBOR Resource Hub
• AFP Executive Guide to Managing the LIBOR Transition