This position is addressed to financial market participants that are parties to the Licence Agreement concerning the WIBID and WIBOR Reference Rates, in connection with the approaching end of the Transition Period in the process of phasing out exposure to the WIBOR benchmark, as well as the WIBID benchmark. The purpose of this position is to set out general recommendations and indicate the principles for interpreting the provisions of the Agreement so as to ensure a consistent and prudent approach in this respect after 31 December 2026.