IBOR Transition workshop

CAFTA’s IBOR Transition workshop is a cross-functional effort of EY teams to deliver latest updates and practical insights.

IBOR transition

Interbank Offered Rates (‘IBORs’) have been in use globally as the benchmark interest rates for lending on an unsecured basis. Come December 2021 and IBOR will be phased out globally, leaving financial markets without its most used benchmark rate. This will impact around $350-400 trillion worth of financial contracts. The transition away from IBORs impacts banks, financial services institutions, corporates as well as individuals.

Change from IBOR to the new interest rate will impact borrowings, derivative trades and financial contracts. Banks will renegotiate on the existing interest rates and derivative trades with corporates, use the new benchmark interest rate for lending decisions; Interbank traders will change their pricing models and risk parameters to price derivative contracts. Financial clauses with vendors / counterparty and derivative contracts undergo a revision along with tax implications.

About the program

EY’s IBOR Transition workshop is a cross-functional effort of EY teams to deliver latest updates and practical insights around the challenges, impacts and considerations to prepare for the transition.

This 5-hour workshop for working professionals spread over two days is structured to discuss different impact areas for banks, corporates and financial institutions. They range from products, models, accounting, systems, legal and taxation implications, for participants to obtain a holistic view and become a driver of change in their organization's journey away from IBOR. The sessions are delivered by EY professionals working closely with local and global banks and corporates in their transition journey.

Workshop highlights:

  • Background, challenges, need for transition and alternate rates
  • Banks’ perspective– impact on products, pricing, models (risk, valuation and ALM) and systems
  • Corporate treasury – impact on borrowings, derivatives, trade finance, interest cost, valuation, hedge accounting and key considerations for decision making
  • Preparedness of system vendors (TMS, ERP) and financial data providers
  • Global perspective on transition implementation
  • Legal nuances and tax implications
  • Implementing a transition plan in your organization

Expected audience

The session is relevant for professionals in the following areas:

  • Banking and corporate treasury
  • Risk management
  • Asset liability management
  • Banking systems
  • Corporate banking
  • Accounting and financial reporting
  • Legal and tax

Days and timings

  • 2-day virtual program
  • Dates: 11th and 12th December, 2020
  • Time: 5.00pm to 7.30pm

Registration fee

  • Fees - INR 5000/- exclusive of taxes per person
  • For bulk corporate registrations email us here.

Register here

Contact us for upcoming sessions

Please email us to get updates on the latest batches.