NLP sniffs out contracts harbouring Eonia as fallback

Test finds wide range of 4,000 Libor euro contracts examined could end up in the flagging Eonia rate


The task of hefting an estimated $350 trillion in financial contracts off Libor could get a hand from natural language processing (NLP), which is being used to streak through thousands of documents for signs of Eonia, another rate headed for extinction.  

Synechron, a New York fintech and consultant firm, recently completed a test for a top-tier investment bank using NLP techniques that sifted through 4,000 contracts underpinning euro-denominated transactions, including swaps and repos. The

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: