LIBOR benchmark interest rates are most commonly used by Business and Corporate customers across many different products. Our priority is to ensure a smooth transition to the new benchmark interest rates in line with industry standards. We will be in touch with you directly if these upcoming changes impact you. For instance, this may occur if you have LIBOR-linked products that are due for renewal or if you require new products impacted by this change. You don’t need to do anything just yet. However, you may want to consider whether you require guidance from professional advisors on the possible implications of the upcoming changes from a financial, legal, accountancy or tax perspective.