Expediting the LIBOR Transition with AI-Based Solutions What is LIBOR and Why is it Important? Solving Wh at M atter s WHITE PAPER Executive Summary Transitioning successfully from LIBOR is no small feat, and even harder, is to rework on an estimated $350 trillion worth of contracts globally. Converting outstanding contracts is critical to success, however, it necessitates extensive data processing, system updates, and documentation review. Contract conversion will require a complete understanding of the document types and contractual triggers, and the ability to link amendments and applicable clauses. The rate is so embedded in the Introduction The discontinuation of LIBOR after December 2021 has sent financial institutions all over the

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