LIBOR Document Grouping

Understand the impact of LIBOR on your existing positions by grouping affected documents and calculating your exposure. Analyze which documents are affected by LIBOR, find the value of your exposure and group documents by asset class, customer and exposure. Prepare your organization for re-rating and repapering legacy positions and start communicating with affected parties based on accurate data.

80%+
classification accuracy
100%
audit trail of all position data

Why it is important

Interbank-offered rates (IBORs) play a central role in financial markets and act as reference rates for bonds, loans, derivatives, securitizations, and deposits. An estimated USD $350 trillion of financial contracts reference LIBOR, and individual financial institutions, on average, have between $100–$500 billion of exposure that may need transitioning to new reference rates.

What’s your exposure to LIBOR?

With many contracts and position data only existing in paper or image-based formats, it’s often hard to tell. Without time-consuming manual work, understanding the magnitude of the challenge is nearly impossible.

WorkFusion keeps you informed about the size and nature of your exposure to old rates. Make intelligent decisions about how to handle the massive task of re-rating and repapering financial documents referencing LIBOR.

How WorkFusion can help

WorkFusion® packaged solution, powered by machine learning, will classify and group your documents by asset class and relationship, filtering out non-affected documents to enable efficient processing throughout the IBOR transition. WorkFusion automatically calculates your exposure from all relevant documentation and publishes this information to your financial systems for informed decision-making.

Document types

  • Loan agreements
  • Bond contracts
  • Auto loan contracts
  • Securities contracts
  • Mortgage contracts
  • Prospectuses

Customers who viewed this use case also viewed

LIBOR Document Analysis and Data Extraction
Understand your exposure to LIBOR by analyzing and extracting key data points within your financial ...
LIBOR Document Analysis and Data Extraction
Understand your exposure to LIBOR by analyzing and extracting key data points within your financial documents. By digitizing your documents and using ...
LIBOR Document Re-papering
Repaper documents affected by LIBOR by automatically checking clauses with impacted positions and id...
LIBOR Document Re-papering
Repaper documents affected by LIBOR by automatically checking clauses with impacted positions and identifying any differences. Move documentation forw...
Foreign Account Tax Compliance Act (FATCA) Screening
Ensure compliance with the Internal Revenue Service’s FATCA regulation by automating the manual and ...
Foreign Account Tax Compliance Act (FATCA) Screening
Ensure compliance with the Internal Revenue Service’s FATCA regulation by automating the manual and error-prone process of screening accounts to check...
Identity Verification
Verify an account applicant’s identity through submitted documentation and data faster with WorkFusi...
Identity Verification
Verify an account applicant’s identity through submitted documentation and data faster with WorkFusion® Intelligent Automation. Streamline Customer Id...
Name Screening Alert Review for Sanctions and Politically Exposed Persons
Streamline the process of name screening alert review with WorkFusion® pre-trained bots and reduce c...
Name Screening Alert Review for Sanctions and Politically Exposed Persons
Streamline the process of name screening alert review with WorkFusion® pre-trained bots and reduce cost and manual efforts involved in determining whe...
Authorized Signer Management
Benefit from industry-leading WorkFusion® packaged solutions that help you automate the process of a...
Authorized Signer Management
Benefit from industry-leading WorkFusion® packaged solutions that help you automate the process of adding, updating and verifying the list of authoriz...