To prepare for the transition away from LIBOR, financial institutions need to identify and inventory the at-risk agreements. Prudent financial institutions will establish both risk assessment plans as well as documentation transition plans to prepare for the needed contractual amendments.
Organizations preparing for the phasing out of LIBOR can either do manual reviews, or shorten the time, lower the costs, and increase the accuracy with contract discovery and data extraction with Seal.
Using Seal’s LIBOR Insight™ organizations can:
- Find LIBOR impacted contracts
- Answer specific and complex LIBOR related questions
- No contract management system required
- Go-live in days with the Seal Cloud Services
Listen to our LIBOR webinar on-demand to learn how Seal helps companies prepare for the challenges of the transition from LIBOR, replacing uncertainty with insight into their contractual position.