Paced Transition Plan: Difference between revisions
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(Update for cessation of LIBOR.) |
(Update for cessation of LIBOR.) |
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''US interest rate benchmarks''. | ''US interest rate benchmarks''. | ||
The Paced Transition Plan was part of the change from LIBOR to successor benchmark interest rates. | The Paced Transition Plan was part of the change from the former LIBOR to successor benchmark interest rates. | ||
The Alternative Reference Rates Committee (ARRC) adopted the Paced Transition Plan on 31 October 2017 in order to progressively build the liquidity required to support issuance of contracts referring to SOFR (Secured Overnight Financing Rate) and transition from USD LIBOR by market participants, completed in 2024. | The Alternative Reference Rates Committee (ARRC) adopted the Paced Transition Plan on 31 October 2017 in order to progressively build the liquidity required to support issuance of contracts referring to SOFR (Secured Overnight Financing Rate) and transition from the former USD LIBOR by market participants, completed in 2024. | ||
Latest revision as of 08:09, 5 October 2024
US interest rate benchmarks.
The Paced Transition Plan was part of the change from the former LIBOR to successor benchmark interest rates.
The Alternative Reference Rates Committee (ARRC) adopted the Paced Transition Plan on 31 October 2017 in order to progressively build the liquidity required to support issuance of contracts referring to SOFR (Secured Overnight Financing Rate) and transition from the former USD LIBOR by market participants, completed in 2024.
