Your challenges
The London InterBank Offered Rate (LIBOR) will be phased out on 31 December 2021. Before this deadline, firms will have to locate and possibly amend every piece of documentation that mentions LIBOR. This critical process will certainly be painful and time-consuming, while manual detection will likely result in errors.
The Smartscanner will spot all of your references to Libor (and other IBOR) whatever the format of the sources and number of documents.
How it works
The Smartscanner seeks and identifies all LIBOR-related information in your documents. The scanner can handle a large variety of format including regular office documents, but also PDFs, images and scans.
The entire process is shown below:
Your benefits
- Quickly and reliably identify the references to LIBOR (and any other relevant “IBOR”)
- Increase your overall efficiency and reactivity
- Prepare the next steps to update your contracts, models, processes and systems
- List the documents where references to LIBOR / IBOR have been identified including a direct link to the pages and paragraphs that are impacted
Our modular subscription options
Do you want to know more? The proof of concept is for free (on a limited number of documents selected with you). Our price offer is considered on a case-by-case basis, depending on the scope and complexity of assistance for our clients. Anyway, it will be much lower than having people taking care of that long and painful document review process.
Sponsor
Benjamin Gauthier
Partner, PwC Luxembourg
Maxime Hoscheck
Manager, PwC Luxembourg
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