The Alternative Reference Rates Committee (ARRC) was a group of private-sector participants convened by the Federal Reserve Board and the New York Fed to help ensure a successful transition from U.S. dollar (USD) LIBOR to a more robust reference rate, its recommended alternative, the Secured Overnight Financing Rate (SOFR).

The ARRC is a group of financial market participants convened to help ensure a successful transition from U.S. dollar LIBOR to a more robust reference rate, its recommended alternative, the Secured Overnight Financing Rate (SOFR).

The ARRC was a group of private-sector participants convened to help ensure a successful transition from U.S. dollar (USD) LIBOR to a more robust reference rate, its recommended alternative, the Secured Overnight Financing Rate (SOFR).

The Alternative Reference Rates Committee (ARRC) today announced that it is now formally recommending CME Group’s forward-looking Secured Overnight Financing Rate (SOFR) term rates (SOFR Term Rates), following the completion of a key change in interdealer trading conventions on July 26,

As noted in the ARRC’s Closing Report, the New York Fed plans to launch a new sponsored group in 2024 to promote the integrity, efficiency, and resiliency in use of reference rates and to promote the ARRC’s critical best practice recommendations.

2021年4月20日 · The Alternative Reference Rates Committee (ARRC) today announced . key principles for an ARRC-recommended forward-looking Secured Overnight Financing Rate (S OFR) term rate in order to help guide the ARRC as it considers the conditions it believes are necessary to recommend a SOFR term rate.

As noted in the ARRC’s Closing Report, the New York Fed plans to launch a new sponsored group in 2024 to promote the integrity, efficiency, and resiliency in use of reference rates and to promote the ARRC’s critical best practice recommendations.

The ARRC formally recommended the CME Group’s forward-looking SOFR Term Rates, providing all the tools necessary to transition. The ARRC recently announcedthat it:

The Alternative Reference Rates Committee (ARRC) continues to support and prepare market participants for the transition from U.S. dollar (USD) LIBOR to the Secured Overnight Financing Rate (SOFR). The ARRC’s Second Report stated that most contracts referencing LIBOR may not have robust fallback language.

The ARRC’s “Internal Systems & Processes: Transition Aid for SOFR Adoption” was developed as an informational document for market participants. The document broadly classifies transition activities into 10 categories with a one-page summary for each of 50 selected sub-categories. Each summary lists