Setting you up for LIBOR transition success
With the imminent transition from LIBOR creating operational challenges for banks and lenders, the need for automation is becoming increasingly clear.
Powering legacy systems for LIBOR
Process ARR/RFR priced loans with no infrastructure changes.
Accurate results based on Finastra Loan IQ alternative reference rates (ARR) calculations.
Future proof your business
Evolving to meet to market and regulatory needs.
Transition to success today
Average compounded rates
Average Compounded in Arrears Rate or Daily Non-Cumulative Compounding Rates calculated and plugged into legacy systems to perform conventional interest accrual calculations.
Compounded ARR-based accrued interest
Compute accrued interest based on loan and other ARR parameters, and link directly to legacy applications or reconcile the interest accrued details in a lender notice.
Calculate different tenor rates
Retrieve official Compounded ARR Period Averages for standard tenors, or calculate for a set of non-standard tenors, by provided date and other ARR parameters.
Seamless lending operations