The London Interbank Offered Rate (LIBOR), expected to be phased out by the end of 2021 and become an ultimate reference rate by financial institutions around the world, is turning the industry upside down and making bank executives invest millions of dollars in reviewing contracts and looking for solutions for remediation. Itexus implements NLP based solutions which recognize legal entities in the corpus of LIBOR-related contracts and remediate them in seconds across thousands of documents.