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IBOR Transition

Money market interest rates are at the very core of financial markets – they are highly important to all market participants as well as private individuals, companies and governments.

This hands-on workshop will equip you to understand how money market rates (IBOR in particular) are used to price derivatives, as well as giving you insights into their related problems and the transition process to new indices.

The programme begins by providing a brief overview of the history and problems of LIBOR, and moves on to explaining the roles of money market indices, yield curves and discount curves. The latter part of the programme focuses on how to manage the IBOR transition process – starting with the first transition process around the time of the financial crisis – and explores the next phase of movements away from IBOR (including SOFR). The impact on funding, trading books and risk management, and documentation and execution issues are also covered.

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  • Date:
  • Please contact us
  • Venue:
  • Cliftons Singapore - The Finexis Building
  • Fee:

This course is also available in London Time Zone and New York Time Zone

This course is FTS-Eligible* and also eligible for CPD hours. GARP & CFA Institute members are eligible for CE/CPD credits. See details

Who The Course is For

This course is designed for anyone who is involved either in funding (borrowing or lending) or in using, pricing or managing the risk of money market instruments or derivatives, in particular:

  • Interest-rate/derivatives sales, traders, structurers and quants
  • Bank Treasury and other Asset Liability Management executives
  • Corporate treasury executives and investment managers
  • Central Bank and Government Treasury Funding managers
  • Risk managers, finance, IPV professionals, auditors and accountants
Learning Objectives
  • Understand the role of money market indices and how to create yield curves and discount curves for use in derivatives pricing
  • Gain insights into the IBOR transition process
  • Understand the implications and the impact on funding, trading books and risk management
  • Become familiar with documentation and execution issues surrounding the IBOR transition process
Prior Knowledge

Basic knowledge of Microsoft Excel and a general understanding of financial markets and money markets are assumed.

Comprehensive teaching on fixed income markets and bond maths takes place in the LFS Fixed Income Markets & Analytics course.

More advanced topics, including pricing/managing risk of interest rate futures, swaps, options and cross-currency derivatives, are covered in the LFS Interest Rate Derivatives and Swaps course.

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*FTS Eligible
This programme is approved for listing on the Financial Training Scheme (FTS) Programme Directory and is eligible for FTS claims subject to all eligibility criteria being met. Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants' business activities or job roles. The FTS is available to eligible entities, at a 50% funding level of programme fees subject to all eligibility criteria being met. FTS claims may only be made for programmes listed on the FTS Programme Directory with the specified validity period. Please refer to for more information.