Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. HomeRegulation news
  2. Murex launches new LIBOR reforms solution
Regulation news

Murex launches new LIBOR reforms solution


24 April 2019 Paris
Reporter: Jenna Lomax

Generic business image for news article
Image: Shutterstock
Murex has launched a new London Inter-bank Offered Rate (LIBOR) reforms solution for discontinuation and benchmark reforms.

The reforms solution is part of an initiative to provide guidance for customers as they assess how LIBOR changes will impact their business before the reform deadline in 2021.

The Murex cross-asset LIBOR reform solution supports new indices, instruments, curves and emerging valuation practices.

Covering front office through to risk management and accounting, it also includes LIBOR exposure dashboards and impact analysis tools.

Murex is also collaborating with LCH for the cleared rates derivatives market to streamline the transition of over-the-counter derivatives trades referencing LIBOR, starting with the application of new fallback clauses to legacy positions upon a discontinuation event.

Philip Whitehurst, head of service development, rates at LCH, said: “LCH is committed to supporting the global rates reform effort, and we’re pleased to be continuing our work toward a smooth transition to alternative reference rates. Our work with Murex will enable us to continue along this path, and allow us to adapt to the changes in a timely manner.”

Alexandre Bon, co-lead of the Murex LIBOR taskforce, commented: “Murex has been working with LCH for many years, supporting their risk and valuation activities, from curve construction to process automation.”

He added: “We are delighted to team up with them once more, delivering the technology and support to develop mechanisms that ease the transition away from LIBOR, reducing the risk of market disruption and bifurcation.”

← Previous regulation article

EquiLend and Trax SFTR test environment now live
Next regulation article →

EACH acknowledges EMIR CCP deal
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ Murex

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →