Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Claira Announces LIBOR Transition with Valuation & Risk to Accelerate Clients into Execution Mode

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.


News provided by

Claira LLC

Jul 16, 2020, 14:00 ET

Share this article

Share toX

Share this article

Share toX

Claira Product Brief
Claira Product Brief
Vimeo
Vimeo

NEW YORK, July 16, 2020 /PRNewswire-PRWeb/ -- 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.

Claira enables clients to advance straight into execution mode to meet the looming LIBOR deadline. Claira’s next-gen AI is pre-trained & ready-to-go with best-in-class accuracy, transparency and traceability.

Post this

"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.

About Claira:

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.

For media inquiries, please contact: [email protected]

Source Claira LLC

Related Links
http://www.claira.io/
https://www.linkedin.com/company/claira-technology/

Claira® is a registered trademark of Claira LLC. Copyright © 2020 Claira LLC, NY. All Rights Reserved.

###

SOURCE Claira LLC

Related Links

http://www.claira.io

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.