How the end of Libor might affect your clients
Now is a good time to tell clients to double-check all their loan documents and credit card statements to see if they have any Libor-linked debt.
Regulators recently gave lenders and market-makers definitive guidance on the end game for Libor, the tainted interest-rate benchmark, tied to trillions of dollars in loans, credit cards and securities: They must switch to an alternative benchmark by the end of 2021.
Lenders will be reaching out
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