Managing the LIBOR Transition – Basis & Calculation

In our September issue, we presented a report from the Swiss law firm Wenger & Vieli on the change from LIBOR that resonated with many of you.

AFP and ION Treasury have launched a guide that outlines the main differences between the new risk-free reference rates identified to replace LIBOR. The guide identifies the key questions for treasurers to ask when negotiating a replacement rate with a counterparty, including the variables regarding the calculation of interest. It also suggests how best to ensure treasurers can calculate interest and value instruments following the transition to new rates. Replacement Risk-Free Rates Reviewed: ESTR (EUR), TONA (JPY), SARON (CHF), SONIA (GBP), and SOFR (USD). Maybe you will find these sources in tables also worthwhile to keep or hang it behind your desk. Here the link to our tomato publications:

Further details about the major new rates and a clear image of the list below on our website.