Daiwa IBOR Transition
As part of widely observed markets developments*, we are in the process of reaching out to counterparties in the context of our preparations for IBOR transition.
The purpose of our outreach is to develop our discussions on the specifics of any relevant open transactions, for instance where we may need to modify the reference rate-linked provisions in such transactions, which would raise remediation points to be agreed with our counterparties including in relation to commercial, operational and legal matters.
In the meantime, Daiwa has an established cross-divisional and cross-functional change program to assess and address the impact of the IBOR transition on our processes, systems, documentation, product and service offering.
If you have any questions of Daiwa Capital Markets Europe Limited, we would be grateful if you could contact your regular Daiwa coverage individual or our IBOR Transition team directly at: DCME_IBORTransition@uk.daiwacm.com
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