LIBOR Discontinuation FAQs

LIBOR Frequently Asked Questions (FAQs)

LIBOR, the London Interbank Offered Rate, is scheduled to be phased out by June 30, 2023. This has implications for investors and consumers alike as LIBOR is the reference rate for many different types of products. We've compiled this information to help you understand how LIBOR's discontinuation may impact you.

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What is LIBOR?

Why does LIBOR matter?

Why is LIBOR going away?

When is LIBOR going away?

What will replace LIBOR?

How do I know if I have LIBOR exposure?

What should I do if I have LIBOR exposure from a floating-rate bond or preferred security?

How do I know if I have exposure from money market funds, ETFs, or mutual funds? And if I do, what should I do?

What types of products do not have LIBOR exposure?

How does this impact the Collateral Lending Program?

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