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Libor Transition: No please I insist, you go first

  • 25 February 2021

It's not easy taking a dive into the unknown. But like parachuters lined up for the jump, go we must. But when? There is no big bang moment for the Libor transition. A series of mini bangs maybe. The 25th of January 2021, in effect, was one. Since then, all new Ibor-referenced derivatives glide towards fallback rates, with no going back. The next key step will be fixing the spreads to help transition from existing Ibors to fallbacks. We don't know when exactly, but it's due. 

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Libor: It's not you, it's SOFR
Rates
25 February 2021

Libor: It's not you, it's SOFR

It's complicated in the US. SOFR is tried but not fully tested, as we enter what we consider to be a crucial second quarter during which volumes need…

Libor: Sonia, proceed as planned
Rates
25 February 2021

Libor: Sonia, proceed as planned

The sterling market is making the most progress in weaning itself off Libor. Transitioning loans is a particular challenge and approaching target dates…

Euribor and a global IBOR overview
Rates
25 February 2021

Euribor and a global IBOR overview

Euribor will continue, but the quest to find appropriate fallbacks for cash products is still underway. There is a desire for forward-looking euro…

Libortransition Libor

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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
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