The Alternative Reference Rates Committee updated its recommendations on permissible usage of Term SOFR.
News & Insights
The Depository Trust and Clearing Corporation launched a "LIBOR Benchmark Replacement Index" resource to (i) provide users a means to view information on debt securities whose rate is currently based on LIBOR and (ii) establish a central resource depository for information about alternative indices.
SIFMA and the Structured Finance Association offered "conceptual" and "granular" comments on the Federal Reserve Board's proposed rule to implement the Adjustable Interest Rate ("LIBOR") Act.
The Alternative Reference Rates Committee published a "LIBOR Legacy Playbook" for transitioning legacy USD LIBOR cash products.
The Alternative Reference Rates Committee issued guidance on the transition away from using USD LIBOR ICE swap rates to alternative reference rates.