Page 2 - Refinitiv Benchmark Services News Today

<p><span>ISDA has published the following statement in response to the release of a </span><a href="https://www.refinitiv.com/content/dam/marketing/en_us/documents/methodology/future-of-cdor-consultation.pdf.">consultation on the potential cessation of the Canadian Dollar Offered Rate</a><span> (CDOR) by Refinitiv Benchmark Services (UK) Limited (RBSL), the administrator of CDOR.</span></p>

<p><span>ISDA has published the following statement in response to yesterday’s announcements by the </span><a href="https://www.bankofcanada.ca/2021/12/carr-publishes-white-paper-recommended-future-cdor/">Canadian Alternative Reference Rate (CARR)</a><span> working group and </span><a href="https://www.refinitiv.com/en/media-center/press-releases/2021/december/refinitiv-responds-to-white-paper-by-the...

NEW YORK / LONDON / SINGAPORE – Refinitiv today announces that USD IBOR Institutional Cash Fallbacks are now production benchmarks, and it will launch USD IBOR Consumer Cash Fallbacks 1-week and 2-month settings on January 3, 2022 – pending Refinitiv Benchmark Services (UK) Limited (“RBSL”) board approval.

<p><span>Refinitiv today announces that USD IBOR Institutional Cash Fallbacks are now production benchmarks, and it will launch USD IBOR Consumer Cash Fallbacks 1-week and 2-month settings on January 3, 2022 – pending Refinitiv Benchmark Services (UK) Limited (“RBSL”) board approval. This follows the Alternative Reference Rates Committee’s (ARRC) March 2021 </span><a href="https://www.newyorkfed.org/medialibrary/Microsite...

Refinitiv, a London Stock Exchange Group business, today announced the launch of Tokyo Swap Rate (for swaps referencing TONA) – a new version of Tokyo Swap Rate, the Japanese yen (JPY) interest rate swap (IRS) benchmark family.

The LMA Note also raises whether a Credit Adjustment Spread ( CAS) will be used in pricing to balance the need for economic parity with LIBOR when switching to an RFR, but a CAS is less likely to be used in a new Sterling LIBOR transaction. 3. Read the FMSB Draft The FMSB Draft sets out eight draft Core Principle for the use of TSRRs, and the key message seems to be that lenders and market participants should have a very good reason for using a TSRR! It is more eloquently put in Core Principle ...