IBORs (Interbank Offered Rates) are being replaced and the clock is ticking until their end date in 2021 is reached. More than 40 years of a benchmark era will then be over and authorities are urging banks to speed up and strengthen their efforts. 2020 is the critical year for transition with important milestones just ahead. This revolutionary reform of financial markets is a truly global challenge. BDO’s worldwide team of experts follows the developments closely to help our clients wherever they are. This is the first of a series of global webinars on IBOR we have lined up. In webinar ONE we provide insights into the imminent derivative collateral discounting switch scheduled for July 2020 for EUR collateral and October 2020 for USD collateral – what can you expect with regard to cash compensations and how will the switch affect your business? We will also update you on what the impact of the USD and EUR IBOR transition means for emerging markets in Africa.