Home Insights Libor Quantitative Impact Solution for Summit Libor Quantitative Impact Solution for Summit Phi Partners presented a prototype for our Summit Libor-replacement quantitative impact solution at the European Summit User Group on Friday 29th November. Phi Partners were awarded the opportunity to provide this tool as a Finastra partner product based on initial designs requested from us by the vendor in September. Our solution – ModiPhi – provides an in-memory data simulation mechanism that is completely configurable for LIBOR replacement rules across the various markets, and with which absolutely any Summit process can be run: trades that are simulated according to user-defined post-LIBOR rules can be viewed on the usual Summit screens, and run with any process (core, in-house, external; GUI, batch or interface). In other words, results with post-LIBOR simulation can be produced in exactly the usual way, with the same process, giving results in the same format, without any data migration or updates to the database. ModiPhi was also presented by Finastra as a partner product, and as a necessary component of their wider LIBOR-replacement journey for Summit. Are you ready to assess the impact of benchmark reform on your Summit portfolio? Please contact us for more details of our simulation tool or to arrange a demo. Related news Phi becomes global Finastra partner for Sophis and Fusion Invest managed services and implementations News Fusion Invest Implementations 16 May 2023 AWS Select Tier partnership achieved News AWS Partnership 03 May 2023 Daren Whybrow joins Phi as Chief Business Operations Officer News Senior Leadership 02 May 2023 Public Cloud Centre of Excellence opens in Sofia News AWS Cloud 06 Feb 2023