LIBOR (London Interbank Offering Rate) is set to expire in 2021. The benchmark interest rate is embedded into almost all financial contracts that have a variable interest rate component. Reviewing all contracts containing references to LIBOR could be an enormous and costly endeavor for all financial institutions.
Cognitiv+ Artificial Intelligence technology has been designed to identify all instances of LIBOR in your documents, improving the review process, guaranteeing accuracy, facilitating interpretation of contract clauses, and mitigating financial and legal risks.
In this Whitepaper you will learn:
- How machine learning technology can speed up your LIBOR repapering efforts
- How to ensure compliance with financial regulations and a smooth transition to alternative benchmark rates
- How can customize Cognitiv+ document review technology and integrate it with your own data management system