- LIBOR transition and replacement rate solutions
LIBOR Transition and Replacement Rate solutions
Refinitiv is committed to supporting you through the LIBOR transition to replacement reference rates with our leading data, products and benchmarking solutions.
The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans. LIBOR serves as a globally accepted key benchmark interest rate that indicates borrowing costs between banks.
As of 5 March 2021, the FCA announced that LIBOR cessation will take place between the end of 2021 and mid-2023. The financial services industry is migrating away from LIBOR benchmarks towards new risk-free rates (RFRs).
Regulators and central banks have announced and released a series of overnight RFRs such as Sterling Over Night Index Average (SONIA) in the UK, Secured Overnight Financing Rate (SOFR) in the U.S. and Euro Short-Term Rate (€STR) in the euro area.
While much of the market is expected to adopt these overnight RFRs administered by central banks, pockets of demand for term rate benchmarks based on RFRs for loans and other cash products remain.
Central banks will not provide term RFRs, but benchmark administrators, including Refinitiv, are developing such products.
Market participants should act now and have appropriate plans in place to manage this transition in line with the end of 2021 deadline. Refinitiv provides new data that will help you transition away from LIBOR to alternative rates and provides tools to support decision making in the transition process.
Explore our LIBOR replacement solutions and services
March 17, 2021
ARRC announces Refinitiv as publisher of its spread adjustment rates for cash products
January 05, 2021
Refinitiv Term SONIA is live
Licensed users can use the benchmark as a reference rate in financial instruments, financial contracts, and valuation and pricing activities.
What you get with our solutions for managing the LIBOR transition
As a trusted partner, Refinitiv delivers the data, tools, analytics and support that firms need for a smooth transition. Our holistic approach has been designed to enable efficient planning and accurate impact assessments, while minimizing disruption and maximizing efficiency.
A powerful mix of news, data, tools and analytics underpinned by leading-edge, open platform technology to enable efficient planning and accurate impact assessments for a seamless LIBOR transition.
Comprehensive, independent data and advanced tools, coupled with cost-effective, flexible delivery to support critical decisions and minimize the disruption of LIBOR transition.
Robust, reliable term reference rates from an established, trusted benchmark provider with a track record of transparency and substantial market expertise.
The data you need is delivered when you need it, via a range of channels.
Information required for fallback language needed for the transition forms part of our general T&Cs subscription service and is not separately charged.
Refinitiv has over 25 years' experience in designing, calculating, governing, and publishing financial benchmarks.
Learn more with our LIBOR insights
Find the right data and a trusted partner to help you make a more seamless transition.
Our expertise. Your industry.
We're here for you
Have questions? We're here to help. Talk to a real person and get the answers that matter most.