NLP sniffs out contracts harbouring Eonia as fallback
Test finds wide range of 4,000 Libor euro contracts examined could end up in the flagging Eonia rate
The task of hefting an estimated $350 trillion in financial contracts off Libor could get a hand from natural language processing (NLP), which is being used to streak through thousands of documents for signs of Eonia, another rate headed for extinction.
Synechron, a New York fintech and consultant firm, recently completed a test for a top-tier investment bank using NLP techniques that sifted
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