Moving to a new Alternative Reference Rate (ARR) requires market liquidity, new legal contract terms and general acceptance of the new state of affairs in the relevant market from buy- and sell- side firms. Therefore, it is likely that all current Interbank Offered Rates (IBOR) will not transition at the same time for all products … More (L)IBOR Transition – Is there a Swiss Average Rate Overnight (SARON) market at the moment?
Treasury, Tax and Legal as well as Technology are the main impact areas where Alternative Reference Rates (ARRs), foreseen to replace Interbank Offered Rates (IBORs) soon, could create hiccups for Corporates. Thus, understanding the relevant transition challenges is key for a successful IBOR transition of any affected Swiss-based company. Author: Patrick Arcon
The Swiss Average Rate Overnight (SARON) has been selected as the Alternative Reference Rate (ARR) in Switzerland. What was the rationale behind the selection and what future challenges should be considered? Author: Simon Woods
While ARRs are intended to replace the IBORs in their respective jurisdictions, there are some fundamental differences between ARRs and IBORs. Understanding these structural differences is important for successful IBOR transition planning. Author: Kelly Ching
The transition of the Interbank Offered Rates (IBORs) starts from the end of 2019/2021 and will have a significant impact across multiple areas such as technology, operations, risk, legal, accounting and tax. Authors: Vincent Grandjean, Luis Sanchez