About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

Finastra Adds €STR, TONAR and SORA Rates to Fusion LIBOR Transition Calculator

Subscribe to our newsletter

Finastra has introduced additional Alternative Reference Rates (ARR) and Risk-Free Rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on December 31, 2021. In addition to SOFR for the US dollar and SONIA for pounds sterling, the calculator service now incorporates ARR rates €STR for the euro and TONAR for the Japanese yen, and the RFR rate SORA for the Singapore dollar.

The calculator service is available through Finastra’s FusionFabric.cloud open innovation platform and can be integrated with a bank’s existing lending systems. The use of Open APIs facilitates integration with legacy systems that have not been prepared for the LIBOR transition and are unable to perform complex ARR calculations. The Finastra calculated ARR rates can be directly consumed by these legacy applications, avoiding the need for complex and costly system changes.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to maximise the use of data standards and identifiers beyond compliance and in the interests of the business

Date: 18 July 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data standards and identifiers have become common currency in regulatory compliance, bringing with them improved transparency, efficiency and data quality in reporting. They also contribute to automation. But their value does not end here, with data standards and identifiers...

BLOG

CUSIP Global Services Partners BeZero to Create Unique Identifiers for Carbon Credits

CUSIP Global Services, a provider of securities identification across capital markets, has partnered ratings agency BeZero Carbon to create identifiers for carbon credits. Unique CUSIP identifiers will be assigned to carbon credit projects listed on the major registries across the voluntary carbon market (VCM). This will make carbon credit trading more efficient as the market...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...