Calypso is rolling out a LIBOR Transition Assessment service to equip customers with the information they need to develop an informed strategy and execution plan as part of their overall transition program.
The new Assessment Service is designed to reduce uncertainty by assessing the impact of planned software changes, configuration considerations and migration paths related to LIBOR transition. It offers a standardized approach, tailored to each customer’s specific usage of their Calypso solution. An automated process makes it easy for them to supply the data required from their Calypso installation for analysis and assessment.
Upon completion of the engagement, customers then have the option of continuing with Calypso for project execution, undertaking it themselves, or engaging with certified partners.
“Our customers have asked for help and told us that the full extent of the impact across their systems is difficult to assess and is likely to be underestimated. Some already fear that they will not be ready in time. In response, we have focused our efforts into building this new LIBOR Assessment Service, which leverages our investment in future proofing the Calypso platform and uniquely positions us to deliver substantial value to our customers. We are confident that this will accelerate readiness for the transition across our client base as we are already seeing very high levels of engagement,” said Gabriel Lopes, global head of Customer Delivery at Calypso Technology, in a statement.