Finmechanics has designed a low impact solution to address the transition from IBORs to the new Risk-free Reference Rates (RFRs). It involves a cloud-based configuration of FM Converge allowing clients to carry out rapid enterprise-wide impact assessments and extended analysis under fall-back rate calculation scenarios. The structure in place can eventually become permanent for the processing of new post 2021 trades.
IBOR Transition
![](https://www.finmechanics.com/wp-content/uploads/2020/02/FM_IBOR_TRANSITION.png)