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Commercial lending, treasury management, access to capital markets — your business has complex needs. Whatever they are, CIBC has the resources and expertise to help you achieve your financial goals.
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London Interbank Offered Rate (LIBOR) transition
In July 2017, the United Kingdom’s Financial Conduct Authority (FCA) announced that they will no longer compel LIBOR panel member banks to contribute to the benchmark after the end of 2021, and, as a result, LIBOR will be discontinued. The discontinuation of LIBOR may affect products and services that you’ve previously purchased or entered into, and it’s not yet clear how new alternative reference rates will apply to any such products and services. Please consult with your own financial legal advisors on the possible effects of LIBOR reform.
CIBC will continue to communicate updates taking place during the transition away from LIBOR. Visit our LIBOR transitionOpens a new window in your browser. page to learn more about LIBOR and how CIBC will support you during this transitional period.
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