Abstract
LIBOR interest rates will no longer be available from the end of 2021; this also applies to the 3M CHF-LIBOR, which is often used in practice in the context of sliding interest rate clauses. In a study carried out for the Bank and Insurance Department of the Austrian Chamber of Commerce Jankowitsch/Pichler examined the question of whether there are other comparable index values that could take the place of the 3M CHF-LIBOR. According to their findings, the SARON Compound Index SAR3MC is the primary substitute value. This paper examines from a legal point of view whether the 3M CHF-LIBOR can be replaced by SAR3MC in consumer credit agreements.
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