London Interbank Offered Rate (LIBOR) will globally transition to alternative risk-free rates (RFRs) by 31 December 2021. To ensure a smooth industry transition, BNM have issued an e-brochure for customers on LIBOR contracts cessation by 31 December 2021 and to reference new products against alternative rates.

To understand more about the Developments of the Benchmark Rate Reform in Malaysia, visit  https://www.bnm.gov.my/documents/20124/3026574/fsr2020h2_c2banking_ba.pdf.​

Please click  here for the LIBOR e-brochure.​