Stock illustration: Businesspeople trying to figure out how to cross a chasm

The end of LIBOR is approaching, and despite the bombardment of emails, publications, and media reports warning of this transition, many treasury teams are nowhere near the finish line.

As every corporate treasurer should be aware by this point, the end of the London Interbank Offered Rate (LIBOR) is not just a problem for banks and investment firms. Any company that has issued LIBOR-based floating-rate debt, entered into a swap or futures contract to hedge risk, or taken a loan with pricing tied to LIBOR will be impacted by the transition.

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