Are You Ready for the LIBOR to MIFOR Transition?
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Questions and Answers

What will cease to be published by the Financial Benchmarks India Pvt. Ltd. after June 30, 2023?

  • London Interbank Offered Rate (LIBOR)
  • New York Interbank Offered Rate (NYIBOR)
  • Mumbai Interbank Forward Outright Rate (MIFOR) (correct)
  • Indian Financial Benchmark Rate (IFBR)

    • What is the deadline for the complete transition from LIBOR?

  • June 30, 2022
  • July 1, 2023 (correct)
  • June 30, 2023
  • July 1, 2022

    • What have banks and financial institutions been advised to ensure regarding transactions after June 30, 2023?

  • To avoid using any benchmark rates
  • To ensure that no new transactions undertaken by them or their customers rely on or are priced using the U.S. Dollar LIBOR or MIFOR (correct)
  • To rely on the U.S. Dollar LIBOR or MIFOR
  • To continue using LIBOR until a new benchmark rate is announced

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