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Libor Discontinuation

ARRC Formally Recommends Term SOFR

Date 2021.08.04

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The Alternative Reference Rates Committee(ARRC) formally recommended CME Group’s forward-looking Secured Overnight Financing Rate (SOFR) term rates (SOFR Term Rates) on 29 July 2021, following its announcement of conventions and recommended best practices for the use of the SOFR Term Rates.

 

Please find links below for more details.

 

https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2021/ARRC_Press_Release_Term_SOFR.pdf