Libor Transition - Customizable Guidance

Overview

When a floating, adjustable, or swap rate loan that uses the Libor index is being priced, Andi will display a customizable warning message 'LIBOR is phasing out. See guidance on SOFR.' The message can be clickable to present guidance text, a provided website link, or both.

 

In This Article

 

Configuring and Testing the Skill

Before enabling the skill for the targeted audience, you first need to ensure that the skill is working properly by testing it. To do this, navigate to the skill details page to configure and enable the skill for your Testing audience:

  • Select Testing under the Audiences section.
  • In the Version drop down, select a version of the skill that you would like to test.
  • In the General Configuration section on the skill details page, enter the following information to configure the skill:
    • Warning Message - (Optional) Enter text to override the default warning message. Leaving this blank reverts to the default. Default - "Libor is phasing out. See guidance on SOFR."
    • Header Label - (Optional) Enter text to override the default header label. Leave this blank if you prefer to have no custom header. Default - "SOFR Transition".
    • Website URL - (Optional) Allows you to assign a URL that will make the configured message clickable. Could be internal Intranet or external address.
    • Transition Guide Message -(Optional) Define some custom guidance to present when the skill message is clicked. When combined with a URL, the guidance will be presented above the link.
  • Select Enable Changes to enable the skill for the Testing audience. Once you've enabled this skill for testing, make sure you've added the users who will be testing the skill to the Testing audience.

 

Viewing the Skill in PrecisionLender

Once you've configured the skill, create an opportunity.

When the appropriate conditions are met, the Andi® skill will run and your message will appear in Andi's windows under your custom header.

Tip

Always remember to save the opportunity to apply any changes.

 

Enabling the Skill

After you've viewed and tested the skill, you are ready to enable the skill for the targeted Audience.

  • Navigate back to the skill details page for the skill you were testing.
  • In the Audiences section, select the targeted Audience for this skill and choose the version of the skill you're enabling. When the latest skill version is published by the skill owner, this will automatically be available for selection in the list.
  • Re-enter the skill configurations.
  • Select the green Complete Setup & Enable Skill button to enable the skill for the targeted audience.

Note

After enabling the skill for the targeted audience, we recommend disabling it for the Testing audience.

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