ARRC Issues Addendum Addressing SOFR In ABS Products - Finance and Banking
The ARRC sought to provide additional guidance to determine how ABS products could employ in-arrears payment structures.
Source: mondaq.com
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Alternative Reference Rates Committee SFR in ABS Addressing Addendum
Securitization Working Group of the Alternative Reference Rates Committee ARRC issued an addendum to a white paper on options for using the Secured Overnight Financing Rate in new asset-backed securities products.
Source: natlawreview.com