The LIBOR Transition Group focuses purely on the LIBOR Transition services and solutions for small and mid-size clients. The LTG brings unparalleled industry expertise, experience, and artifacts to execute our pragmatic 5x5 framework for the 5 Dimensions of your organization in a 5 Phase Approach.

Business: Products/Customers | Treasury | ALM & Risk

Business risk & return analysis from transition and conversion of products, derivatives, agreements, models, frameworks
Communication strategy for customers, counterparties, vendors, regulators about new products and conversions
New product design, pricing, timeline, hedging, policies
Liquidity, Cash, Income/Expense forecasting and monitoring
Cost of funds recalibration; hedge ratios of new derivatives
Portfolio and ALM risk-limits for scenario analysis with SOFR

Operations: Data/Calculations | Workflows | Processes

Redesign processes for:
- Data capture, verification, calculation, usage methods
- Trade Acquisition, Settlement, Confirmation, Systems
- Servicing and Payments/Receipts
- Collateral valuation processes
Provisions to accommodate vendor upgrades of software
Redesign processes for new products, models, forecasting

Financial: Modeling | Valuation | Accounting

Technology: Automation & Digital Transformation

Map vendor dependencies to integrate with legacy systems
Update systems to capture and process both Legacy and new data, sources, calculations, methodologies, models, products, reporting
System code changes to make payments adjustment
All integration work

Enterprise Functions: Legal, Risk Governance, Reporting

Digitize all legal documents
Use AI technologies to evaluate the “absence, existence, and strength” of Fallbacks
Create Taxonomy of documents and Prioritize based on Fallbacks and customer cohorts
Evaluate Tax considerations of instrument and derivatives valuation changes, and value transfer monetization
Evaluate Tax consideration of unwinding or re-striking
Evaluate Regulatory and Reputation Risks
Update Policies, Procedures, Controls
Update Disclosures and Reporting

What initiatives are needed for the "5-Dimensions" of the organization

Education and Assessment

Providing senior management education
Assessing and documenting key issues, exposures, impacts
Identifying and evaluating impacts of transition and conversion for your business, financials, operations, technology, and legal+enterprise functions
Analyzing and presenting recommendations for remediation

Execute Roadmap, Programs, Initiatives, Technology

Bring Artifacts, Templates, Samples, Resources
Program and project leadership and/or management
Program execution for Business, Finance, Operations, Technology, Communication, and other Enterprise functions

Strategy | Roadmap | Initiatives Prioritization

Create LIBOR Transition and Conversion Roadmap
Create Execution Program of changes and sequencing for business, operations, financials, technology, and organization functions of legal/tax/accounting/reporting
Create Transition Program, Conversion Program, establishing communication, management, monitoring and governance

Transformation, Testing, Training, Support

Conversion of legacy agreements, contracts, products at machine speed using AI

Provide strategy for when and how to convert documents, products, systems
Provide communication strategy for customers, counterparties, vendors
Accelerate legacy contract remediation by using technology to:
- segment legacy LIBOR documents by terms/product/customer for complexity and risk
- “read, index, remediate” legacy LIBOR disclosures/contracts/products at machine pace and scale, directly in systems of record

How we help clients with our services and solutions in a "5-Phase" approach

3-Key Advantages in working with FIRM Advisors for your LIBOR Transition

1. We are a boutique advisory firm with a prime focus on LIBOR transition

While many large consulting firms are engaged in full “post-covid” process and business model re-design for entire corporations, we are (and have been for the last 3 years) dedicated to LIBOR transition as our business focus.
Our expertise is diverse, and specifically aligned with the skill sets required for LIBOR transition, notably risk management, capital markets, derivatives, consumer finance and contracts, including representation on the ARRC committee itself as chair of the securitization sub-committee.

2. Our interaction model is technology-intensive

Extensive use of digital processing allows for a “socially distanced” work approach, where we may access files remotely and fast track document, transaction, and back-office systems analysis with little recourse required to our clients.
This allows client interaction to avoid the minutia of “process” and engage with a strategic and solutions orientation.
Our expert services are integrated with an AI technology solution that ensures better, faster, cheaper delivery.

3. Our business model can switch seamlessly between on-site and off-site process.

While we love to see our clients face-to-face, a small engagement team makes zoom/ring conferencing an easy switch.
With COVID's second and third “wave” potential, it is imperative that we present an uninterrupted process, where deadlines are not impacted by systemic risk or the global environment.

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