Last month , the Association of Corporate Banks ( ACT ) hosted a webinar exploring how banks were preparing to migrate from LIBOR and the implications for treasurers . The webinar focused primarily on legacy or e - book contracts , which potentially posed the largest problem for corporates given the number of LIBOR - linked corporate loans . Major banks in the UK have implemented customer engagement strategies to inform clients and address the issues causing the most concern . Treasurers were urged to focus on infrastructure and liaise with treasury payment system providers that are working on solutions for the switch to interest payments calculated using the compounded interest in arrears methodology .
Last month, the Association of Corporate Treasurers (ACT) hosted a webinar exploring how banks were preparing to migrate from LIBOR and the implications for treasurers. The webinar focused primarily on legacy or back-book contracts, which potentially present the largest problem for corporates given the number of LIBOR-linked corporate loans. Major banks in the UK have launched customer engagement programmes to inform clients and identify the issues causing the most concern. Treasurers were urged to focus on infrastructure and liaise with treasury management system providers that are working on solutions for the switch to interest payments calculated using the compounded setting in arrears methodology.