LIBOR transition update – The ARRC's March 25, 2021 supplemental recommended Hardwired Language | Dentons
On March 25, 2021, we published a brief article on the transition from the London Inter-Bank Offered Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR). This article contained a background on the LIBOR to SOFR transition, and a summary of the transition language recommended by the Alternative Reference Rates Committee (ARRC). It also summarized and discussed the implications of the announcements that were made on March 5, 2021 (the March 5th Announcements) by the ICE Benchmark Administration (IBA) and the Financial Conduct Authority (FCA). These announcements collectively confirmed ...
Source: jdsupra.com