WHITEPAPER Liberation from LIBOR Navigate the LIBOR transition with a modern contract management solutionLiberation from LIBOR | 2 What is the LIBOR transition? The London Interbank Offered Rate (LIBOR) has been the reference interest rate of record for half a century. It currently governs more than $350 trillion (USD) worth of financial contracts. But in 2021, this rate will be replaced. The transition away from LIBOR will have far-reaching conse- quences, touching almost every aspect of business operations. It’s time to prepare for the replacement of LIBOR and its impact on both current and legacy contracts—particularly for businesses involved with capital markets, commercial lending, retail banking, wealth management, investment management, insurance, market infrastructure,

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