Market participants can use Term SOFR in basis swap transactions even if they are not a direct party to a Term SOFR cash exposure.
April 26, 2023The rule, first proposed in 2011 but never finalised, will prohibit firms participating in asset-backed securities from betting against investors in those securities.
January 27, 2023Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
December 20, 2022The new register provides originators and sponsors an enhanced notification system and assists investors in performing due diligence.
February 7, 2022Use cases for Term SONIA include trade finance, working capital products, Islamic finance, export finance, and emerging markets lending.
July 31, 2021The ARRC has published a formula to calculate fallbacks from the USD LIBOR ICE Swap Rate, simplified fallback language for business loans, and a model for using SOFR in ABS products.
March 30, 2021The main use cases where a robust rationale may be identified for using Term SONIA in lending products include trade finance, working capital, and Islamic finance products.
March 29, 2021The state budget plan would reportedly allow legacy LIBOR contracts to use the replacement rate recommended by the Fed Board, the New York Fed, or the ARRC.
January 25, 2021From end-March 2021, GBP LIBOR should no longer be used in any new loans, bonds, securitisations and linear derivatives that mature after end-2021.
January 14, 2021The BCBS identified a gap in the regulatory framework for securitisations of non-performing loans, which it is seeking to address through a new technical amendment.
June 24, 2020