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Treasury ManagementeNewsletter Spring 2020

Acumennet, the real-time, STP, front-to-back-to-risk Treasury Management platform, is ready to support LIBOR discontinuation that is about to affect Treasury departments by 2021. Specifically, it offers the LIBOR Reference Module (LRM) to assist Treasurers to easily perform their tasks ahead of the change, accommodating new reference data rates while supporting entry, calculation and fixing. The LIBOR Conversion Module (LCM) is an additional module in the solution that offers all the tools needed to migrate existing agreements from LIBOR to the new RFRs (risk free rates).

Acumennet already includes the appropriate mechanism to support backward-looking instruments, whether compounding or averaging, with or without a spread. It can also fully accommodate the management of specific fixing and payment lag. Furthermore, the platform handles several valuation methods for the current period, based either on the rate calculated up to date or topped with a rate to the end of the current period. It can also manage a wide variety of yield curves that can be adjusted for the new valuation method.

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