All posts tagged "ARRC"
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296International‘SOFR First’ Concludes with Publication of User Guide
The user guide outlines best practices for transitioning new exchange-traded derivatives activity to SOFR activity in the near term.
December 21, 2021 -
519FeatureUS House Passes LIBOR Replacement Legislation
The legislation will automatically shift tough legacy contracts to a new benchmark, preventing disputes over which rate should apply and how interest is calculated.
December 10, 2021 -
265InternationalRefinitiv Launches USD IBOR Institutional Cash Fallbacks
Fallbacks for institutional cash products are now production benchmarks. Prototype fallbacks for consumer cash products will be launched on 3 January 2022.
December 2, 2021 -
193Market InfrastructureARRC Publishes Spread-Adjusted Fallback Recommendations
The document provides a reference point for market participants to understand the ARRC’s current recommendations in relation to its fallback language.
October 12, 2021 -
429FeatureAPLMA, TMA Issue Guidance on SOFR Adoption in Loan Markets
The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.
September 15, 2021 -
346Hong Kong
HKMA Sets Conditions for Issuing New USD LIBOR Contracts
In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.
August 20, 2021 -
343FeatureJapan Decides Start Date to Shift Cross-currency Swaps to RFRs
Japan will change interdealer trading conventions for cross-currency basis swaps from LIBOR to RFRs on 21 September.
August 16, 2021 -
218International
Refinitiv Launches Prototype USD Fallback Rates for Cash Products
There are two versions of the Refinitiv USD IBOR Cash Fallbacks: one for consumer cash products, the other for institutional cash products.
August 13, 2021 -
173Feature
ARRC Formally Recommends CME Group SOFR Term Rates
Forward-looking term rates are needed for syndicated and bilateral corporate loans, as well as in the CLO and leveraged loans markets.
July 31, 2021 -
514Feature
Dealers Shift Default Rate for USD Linear Swaps to SOFR
Market observers reported a sharp increase in SOFR swaps transacted, a trend said to be "clear and pronounced".
July 29, 2021
