The Alternative Reference Rates Committee released frequently asked questions on its best practices for using Secured Overnight Financing Rate term rates.
ARRC issues FAQs on LIBOR transition best practices
August 30, 2021 / By ICBA
The Alternative Reference Rates Committee released frequently asked questions on its best practices for using Secured Overnight Financing Rate term rates.
The Alternative Reference Rates Committee released frequently asked questions on its best practices for using Secured Overnight Financing Rate term rates.
Best Practices: The ARRC last month issued the best practices to help entities transition from LIBOR by the Dec. 31 deadline.
Term Rates: Since issuing the best practices, the ARRC formally recommended CME Group’s SOFR term rates to support the transition.
More: A recent Main Street Matters post details the end of LIBOR and the impact of the pending transition on community banks.
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