LIBOR Frequently asked questions (FAQs)
LIBOR, the London Interbank Offered Rate, will not be used for new financial contracts after December 31, 2021, and is expected to be fully phased out by June 30, 2023. This has implications for investors and consumers alike as LIBOR is the reference rate for many different types of products. We've compiled this information to help you understand how LIBOR's discontinuation may impact you.
Get answers to your questions—from client service to investing.
- What is LIBOR?
- Why does LIBOR matter?
- Why is LIBOR going away?
- When is LIBOR going away?
- What will replace LIBOR?
- How do I know if I have LIBOR exposure?
- What should I do if I have LIBOR exposure from a floating-rate bond or preferred security?
- How do I know if I have exposure from money market funds, ETFs, or mutual funds? And if I do, what should I do?
- What types of products do not have LIBOR exposure?
- How will Schwab products that are tied to LIBOR change?