CBiBank successfully implements TERM SOFR's new benchmark
NEW YORK, July 22, 2022 (GLOBE NEWSWIRE) -- In 2017, the Alternative Reference Rates Committee (ARRC), a financial industry group convened by the Federal...
Source: globenewswire.com
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NEW YORK, July 22, 2022 (GLOBE NEWSWIRE) -- In 2017, the Alternative Reference Rates Committee (ARRC), a financial industry group convened by the Federal...
The ARRC officially recommended the usage of SOFR term rates. Market participants should evaluate how and when to adopt Term SOFR and take steps to comply with requirements. We provide some background on Term SOFR and its development and discuss practical considerations.