All posts tagged "ARRC"
-
450Market InfrastructureARRC Endorses 12 Month Term SOFR for Legacy LIBOR Loans
ARRC approved the CME 12-month Term SOFR rate for legacy LIBOR consumer products and trade and receivables finance.
May 24, 2022 -
399International‘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 -
626FeatureUS 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 -
328InternationalRefinitiv 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 -
245Market Infrastructure
ARRC 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 -
628FeatureAPLMA, 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 -
483Hong 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 -
384FeatureJapan 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 -
285International
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 -
225Feature
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
