A message from the Group Treasurer
The approaching changes to the benchmarks used by the financial services industry to price products are a watershed moment for markets around the world.
Whether you are a family business funding your expansion; a student graduating from university with a long-term loan, an exporter seeking to protect yourself against fluctuations in interest or currency rates or a pension fund planning for the future, IBOR transition will lead to changes in the financial products you use.
As one of the largest global banks, Deutsche Bank is committed to playing its part in a smooth transition. We started our planning over three years ago and today we are fully prepared and ready to help clients and the industry achieve this.
Our priority is to ensure that we continue to offer clients the products and services they need, while also supporting them, along with counterparties and other stakeholders, as we transition to the new alternative Risk Free Rates.
We expect that the major IBORs will cease to exist after 31 December 2021 so the transition to the new Risk Free Rates should be completed in good time in advance of that date.
I strongly encourage all our clients to get in touch as soon as possible to discuss how this transition may affect you or your business.