eBrevia, a DFIN Company, Helps Clients Prepare for Fast-approaching LIBOR Transition with Latest Software Release
Summary
With less than two years to prepare, many financial institutions and their service providers are facing the reality that a manual review of LIBOR-related agreements could be extremely costly or impossible to complete on time. In addition, the release includes substantial enhancements to the system’s search and filtering functionality, enabling users to quickly find the exact documents and provisions they are looking for based on a wide range of different criteria. eBrevia can be customized for any specific need but having more built-in LIBOR functionality is extremely helpful for managing document reviews and analyzing risks running up to this deadline.” eBrevia has always been highly responsive to the needs of its clients under challenging market conditions, whether driven by regulatory changes, such as the LIBOR transition, or global phenomena, such as helping clients review contracts for force majeure provisions triggered by the COVID-19 pandemic. Identifying LIBOR references in contracts, as well as potentially relevant fallback language is an important element in a complex transition that firms around the world will manage for the next few years. A lack of clarity on LIBOR’s replacement is an additional challenge that can slow down preparations, making technology solutions that speed up processes even more vital.
Classifications
AskAI Classifications
LabelsLinked Companies
