Asian banks get ahead of Libor transition with switch doc, RFR templates

Money_House_AdobeStock_575x375_18Feb20
By Pan Yue
03 Dec 2020

A possible delay to the final retirement of Libor as the benchmark lending rate on dollar loans is set to offer banks and borrowers a bit more breathing room to make the transition. But in Asia, loan market participants have largely shrugged at news, deciding to press ahead with their plans for a post-Libor world.

The Asian loan market is set to take two major steps shortly to tackle a move away from Libor, the interest rate used for all dollar-denominated loans.

The Asia Pacific Loan Market Association is aiming to publish a switch document next week for borrowers in the region, focusing ...

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