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I have been a financial engineer at FINCAD since 2013. But only recently have I begun hearing a lot of talk in the industry about the end of the Libor interest rate. My fellow coworkers at FINCAD have been following this story for some time now and recently published a technical paper on the topic. Last month I got involved, working with some of my colleagues on building the new benchmark curves

In honor of International Women’s Day, I would like to share a little bit about my story. I am Diana Tang, a professional woman who has chosen to pursue a career in the perhaps ‘untraditional’ path of Finance. I say untraditional because Finance is one of those industries with a workforce comprised predominantly of men. While it’s true that women continue to make gains each year in entering

Python is quickly becoming the programming language of choice throughout the financial industry—and there are many reasons why. Firstly, Python’s syntax is so easy to learn that even those who aren’t developers can follow the logic. Secondly, Python’s ease of use enables individuals to write code faster and with fewer errors. What’s more, the simplicity of Python helps to improve collaboration

As Libor’s time dwindles, many are growing concerned about the potential business impact its demise could create. In approximately three years’ time, Libor, the interest rate that underpins $350 trillion of financial contracts will meet its end. The coexisting challenges such as lack of alternative benchmark liquidity, contract novation for fallback terms, and related issues in overhauling

For today’s traders, quants, and risk managers, there is a perplexing future looming on the horizon. In 2021, Libor is slated for retirement. Despite the buzz in the news and talk amongst industry participants, it remains difficult to understand the true impact of Libor’s end. For this reason, I’ve written a technical paper on the topic, “ How the End of Libor will Impact Delta-1 Rates.” You can