Paced Transition Plan: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
(Update for cessation of LIBOR.) |
||
| (2 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
''US interest rate benchmarks''. | ''US interest rate benchmarks''. | ||
The Paced Transition Plan | 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 | 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. | ||
| Line 15: | Line 15: | ||
*[[Transition risk]] | *[[Transition risk]] | ||
[[Category: | [[Category:Financial_products_and_markets]] | ||
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.
