Many companies do not understand the scope of their interest rate, currency, and commodity price risks. That knowledge gap has the potential to blow up corporate planning processes.
Market embraces ISDA pact to automatically substitute a replacement rate for hundreds of trillions of dollars worth of interest-rate swaps, futures, and options.
Lack of volume in derivatives tied to other benchmarks is driving many asset managers, traders, and corporate treasurers to continue using LIBOR-based derivatives.