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Embracing the IBOR change

LyondellBasell – Business Case

9 Sep 2021
Aleksei Abakumov and Adela Kozelová

corporate treasury corporates ibor system implementation treasury management treasury management systems treasury risk technology

LyondellBasell, headquartered in the Netherlands, is one of the largest plastics, chemicals and refining companies in the world. With its global presence and significant operations in the United States, the company has been affected by the IBOR reform. The Treasury team was well aware of this impact and proactively approached the transition away from the IBOR rates in order to be ready ahead of time.

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