Claira Announces LIBOR Transition with Valuation and Risk to Accelerate Clients into Execution Mode
Jul. 16, 2020
Brittany Phillips, Claira Media Relations
Claira adds valuation & risk analysis to advance clients into execution mode to meet the LIBOR deadline. Claira’s next-gen AI is pre-trained with LIBOR transition impact and cessation protocols.
NEW YORK (PRWEB) JULY 16, 2020
Claira LLC (http://www.claira.io), creator of the industry’s leading financial contract understanding technology product, is excited to announce an important breakthrough for its market leading LIBOR transition solution — the ability to analyze post-LIBOR-cessation risk and valuation impact. Visit http://www.claira.io/libor-remediation for more information on Claira’s LIBOR Transition Insights.
Claira’s proprietary LIBOR remediation solution is pre-trained to understand financial contracts — including the full impact of transition as well as LIBOR cessation protocols. Claira instantly and automatically categorizes LIBOR fallbacks buried deep in ISDAs, bond indentures and hundreds of other types of financial documents. With each fallback having a potentially material impact on portfolio/balance sheet risk and valuation, full LIBOR remediation involves more than just identifying the fallback. Claira provides the fallback rate and transactional exposures sized to a client’s portfolio and/or balance sheet — automatically quantifying the risk and valuation impact of LIBOR transition. For more information on Claira’s technology, visit http://www.claira.io/technology.
“LIBOR transition is not merely a regulatory or legal project. It has significant portfolio or balance sheet level risk and valuation consequences. Firms that establish a better understanding of their situation sooner, will not only better manage their risk, but potentially stand to benefit from a P&L perspective. Claira enables clients to rapidly advance from planning to execution” said Eric Chang, Claira Co-Founder and Head of Product Development.
With the LIBOR deadline fast approaching, Claira accelerates the transition processes. Claira’s LIBOR Transition Insight solution enables clients to either fully digitize their remediation efforts or works in support of manual remediation teams as a parallel or shadow process for additional measures of quality control, while also providing:
Deeper Insights – Enabling more actionable results
Greater Accuracy – Yielding higher confidence in recommendations
Full Transparency – Providing traceability in decision making
Pre-trained Results – Saving significant time and effort
Claira scales across any number or type of documents to provide remediation for LIBOR and dozens of other actionable insights based on Claira’s full comprehension of contract legal language. Claira is ready to assist clients directly and/or partner with firms (law, consultancy, advisory, etc.) to service their clients by way of white-labeled deployment options.
Broad Impact of LIBOR and Transition
The London Interbank Offered Rate (LIBOR) is embedded in most every financial service firms' operating models. Transitioning to alternative rates will affect how contracts are priced and how risk is managed. Claira’s enhanced LIBOR Transition Insights provide clients the fallback rate and transactional exposures sized to their portfolio — automatically quantifying the risk and valuation impact of LIBOR transition. Additionally, Claira identifies the governing body denoted to set the benchmark rate going forward across diverse portfolios or balance sheets consisting of hundreds of different financial instrument types. Using Claira, firms obtain the necessary details to immediately quantify the risk and valuation impact of LIBOR transition — accelerating any client’s LIBOR transition from planning to execution!
For more information on Claira’s LIBOR transition solution, visit http://www.claira.io/libor-remediation.
Claira LLC (http://www.claira.io) is a leading next-gen AI company specializing in legal contract understanding. Built using advanced data science to reveal the underlying logic trapped in financial contracts, Claira is pre-trained to comprehend legal language — providing faster, deeper, and more actionable results with full transparency and traceability in its decision making. No training, setup, or installation required. Claira can be accessed from any web browser or locally installed in a client’s data center. Claira scales across any number or type of documents to provide remediation for LIBOR and dozens of other actionable insights. Claira is ready to assist clients directly and/or partner with firms (law, consultancy, advisory, etc.) to service their clients by way of white-labeled deployment options.
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