![Libor](/sites/default/files/styles/search_result/public/2021-09/Man%20and%20woman%20doing%20business_1.jpg?h=eb53a534)
LIBOR transition - Transfer Pricing considerations (updated April 2022)
Throughout the world, a transition is currently taking place from interbank offered rates (IBORs) to alternative benchmarks. Per January 1, 2022, LIBOR (London Interbank Offered Rate) - a reference point used globally for variable interest rates charged on financial products - is no longer published for most currencies (LIBOR rates were published for all major currencies, such as USD, EUR, GBP, JPY and CHF).