The IBOR reform and the resulting transformation towards a new system
of reference interest rates imposes a fundamental change on markets and
A key component of the overall challenge towards a successful
transformation is a robust fallback and contract management. Many
relevant contractual parameters, such as fallback provisions and
transactional data, are usually not centrally and digitally available. A
solution tailored to this specific problem creates transparency and
process reliability. In addition, it reduces operational expenses as
well as legal risks.
LPA supports the industry in successfully managing the transformation
as an IBOR specialist and experienced advisor. At the same time, LPA is
a leading technology company with extensive knowledge in maintaining
and managing contractual agreements for financial products. In this
context, we develop specific fallback management solution with our
- Accurately and efficiently adjust contracts and templates
– We identify the need for required contract adjustments. We design and
develop a customized and workflow-based adjustment process and support
an efficient implementation.
- Build for the future – As a technology provider we
are determined to use our innovative software solutions to improve and
design processes that will strengthen financial institutions for future
challenges. Together we will work on the design and implementation of a
concept that will contribute to a sustainable digital solution for the
management of contractual data, the automated creation of contracts and
continuous exposure monitoring.
- Apply fallbacks – You can manage rate cessations and automatically trigger contractual changes using LPADoc.
- Analysing and reviewing existing contracts – We
review and analyse your existing business focusing on the extraction of
relevant transactional data and fallback provisions.
As a reliable partner and expert for digitalisation as well as
process and document automation, we support you in the design and
implementation of an efficient and sustainable IBOR fallback management
solution. At the same time, we consider all relevant requirements for a
sustainable digitalisation strategy and a solid contract management
approach. Contact us now.