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Stock impact report

eBrevia, a DFIN Company, Helps Clients Prepare for Fast-approaching LIBOR Transition with Latest Software Release

Donnelley Financial Solutions, Inc. (DFIN) 
Last donnelley financial solutions, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.dfsco.com
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--eBrevia, a Donnelley Financial Solutions (NYSE: DFIN) company, today announced its latest software release focused on helping financial institutions transition from the London Inter-Bank Offered Rate (LIBOR), a globally recognized base rate for financial services.LIBOR has been in use since the 1970s and today it is a reference for an estimated $350 trillion of loans, securities, and derivatives worldwide. The challenge facing many financial institutions is that LIBOR is expected to cease publication or to become unreliable after 2021. With less than two years to prepare, many financial institutions and their service providers are facing the reality that a manual review of LIBOR-related agreements could be extremely costly or impossible to complete on time.eBrevia provides AI-powered contract analytics software that helps law firms, audit/consulting firms, financial institutions and corporations complete document reviews faster and with greater accuracy. Show less Read more
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