The Alternative Reference Rates Committee ("ARRC") highlighted market indicators that it will consider when recommending a forward-looking Secured Overnight Financing Rate ("SOFR") term rate:
- continued growth in the volume of overnight SOFR-linked derivatives;
- a discernable increase in the liquidity of SOFR derivatives; and
- visible growth in cash products offerings, such as loans, that are linked to SOFR averages, either in advance or in arrears.
Primary Sources
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
