IBORs are deeply embedded in financial activities as reference rate for financial instruments and contracts.
They are globally recognized base rate for pricing loans, debt, and derivatives worth several hundred trillions
and are hardwired into valuation and other systems. A transition away from them impacts a vast group of products,
businesses, systems and processes, as well as contracts, customers and counterparties. While the discontinuation
may still seem far way, the magnitude of the transition and potential financial impact means corporates and
financial institutions must start mobilizing now.
ICMA and SIX would like to invite you to the joint event "LIBOR to SARON: Are you ready?" hosted at SIX Convention
Point in Zurich on November 1, 2018 between 11 and 14 CET. This event is targeted at a broad audience. The aim is
to present the most recent international and Swiss developments. First-hand information will be delivered on new
reference rates followed by a Q&A on "Practical preparation for transition".