On the 12thof September From 2019, major reforms in the interest rate markets will take place, essentially overhauling the entire IBOR-universe (i.e. EURIBOR, GBP LIBOR, USD LIBOR etc.). Apart from major currencies, this will also affect “less traded” currencies, like the Australian Dollar, Korean Wong and South African Rand. The financial industry is currently working under pressure to reform IBORs and to find alternatives for both floating rate loans and derivatives. Soon, banks will approach their clients: with offering new products deviating from current market standards, by asking for amendments and possibly compensation payments for existing products, to discuss the changing of valuation methods and prices. (READ MORE)
Trinity Treasury Management