Coforge LIBOR Transition Solution

An end-to-end iterative orchestrated solution to assess the degree and impact of the exposure and risks to an investment firm balance sheet as a result of the LIBOR phase out and address the actions and responsibilities to remediate and transition to a new benchmark, cost-effectively and within the timeframe.

The solution allows the investment firms to manage the LIBOR transition by going through the below process iteratively:

• DISCOVER - Agreements are ingested and processed within the Coforge IDP. The IDP identifies key search terms relevant to LIBOR transition and indexes for use.
• ANALYZE - IDP hands off to Reconciliation Engine for data integrity and reconciliation. Open trades are analyzed and bucketed for rules-based decisioning.
• TRACK - Dashboard continuously collects vital KPI's and exposure metrics for up-to-date transition progress and risk analysis.
• RATIONALIZE - Remediation decisioning based upon priorities, concentration and options.

The whole process is orchestrated leveraging Pega's workflow and case management capabilities.

• Ingest into IDP - Ingest the full inventory of documents and initiate data cleansing and extraction of key contract terms
• Validation of Data - Analyze the output of the IDP engine, validate and manage exceptions
• Data Reconciliation - Reconcile contracts against open positions against internal books and records
• Rationalize Output - Identify LIBOR contract exposures, contract concentrations. Prioritize contracts for transition.
• Remediation Plan - Identify remediation process for each contract and plan for disposition
• Dashboard and Performance - Track and measure exposures for decisioning. Track and measure transition progress.