By Esther Carenza (January 20, 2021, 11:43 AM EST) -- The transition from the (London Inter-bank Offered Rate) LIBOR has a short duration before expiry less than a year away with the Bank of England estimating $400 trillion of financial contracts around the world, continuing to reference the LIBOR rates. COVID-19 has only complicated the matter with a LIBOR synthetic in place to remedy the tough legacy contracts....