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IBOR-Trans­ition

Trans­ition of Private Banking Loans & Depos­its as well as Inter­com­pany deals from IBOR to new (Altern­at­ive) Refer­ence Rate driven by market and regu­lat­ory changes. This included also review and enhance­ment of the product steer­ing (pricing) and refer­ence interest rate rate setting process, as well as the replace­ment of the in-house applic­a­tion to calcu­late and publish internal refer­ence rates with a new plat­form.

Key Deliv­er­ables

  • Meth­od­o­logy for internal refer­ence rate

  • Pricing and steer­ing frame­work

  • Deal migra­tion

  • Replace­ment of money market plat­form

  • Interest rate setting governance

Roles Covered

  • Busi­ness Analyst

  • Tech­nical Busi­ness Analyst

  • Project Manager / PMO

>50 Stake­hold­ers

  • Treas­ury

  • Trading

  • Finance

  • Risk

  • Product Control

  • Finan­cial Account­ing

  • Oper­a­tions

  • IT

Key Bene­fits

Process
Improve­ment Profit and Cost Optim­isa­tion Regulatory Compliance

4 FTE Team

Consult­ant, Senior Consult­ant, Manager & Partner

300 bn

CHF Expos­ure

Private Banking, Retail and Corpor­ate Client Loans and inter­com­pany deals

Key Activ­it­ies

2019 – 2023
Project dura­tion: 3.5 years

Project Set-up

Defin­i­tion of project governance, mile­stones, risk & depend­en­cies and track­ing dash­board

Concept Development

Devel­op­ment of new meth­od­o­logy for internal refer­ence rate for loans & depos­its

Execution

Imple­ment­a­tion and migra­tion of  client loans & depos­its from IBOR to new refer­ence rate, front-to-back across IT land­scape, with PoC, monit­or­ing and post-Go-Live support

Money Market Platform Replacement

Defin­i­tion of busi­ness require­ments with trading desk, assess­ment of vendor tool through PoC, coordin­a­tion, imple­ment­a­tion, and testing of the new plat­form

Target Operating Model Definition

Review and enhance­ment of governance around setting new internal refer­ence rate, includ­ing key TOM elements