Software provider Principia Partners has launched pasVal , a web - based software tool to aid the transition from LIBOR to MLS . The comprehensive risk assessment tool evaluates both new and existing contracts for market participants to measure firms ' preparedness for the migration to SOFR . These evaluations measure preparedness for the transition from LIBOR to SOFR and the switching of OIS discounting from the Fed Funds to the SOFR curve - all utilizing pasVal's web-based valuation engine. The service provides guidance , identifies opportunities and increased risk factors , and recommends action . In its latest Transition Report , ISDA calls for impacted parties to immediately begin preparations for the impending market disruption .
Software provider Principia Partners has launched pasVal , a web - based software tool to aid the transition from LIBOR to MLS . The comprehensive risk assessment tool evaluates both new and existing contracts for market participants to measure firms ' preparedness for the migration to SOFR . The service provides guidance , identifies opportunities and increased risk factors , and recommends action . In its latest Transition Report , ISDA calls for impacted parties to immediately begin preparations for the impending market disruption .