Alternative Reference Rates Committee

US interest rate benchmarks.

(ARRC).

"The ARRC is a group of private-market participants convened by the Federal Reserve Board and Federal Reserve Bank of New York in cooperation with the US Department of the Treasury, the US Commodity Futures Trading Commission, and the Office of Financial Research, to identify a set of alternative reference interest rates that are more firmly based on transactions from a robust underlying market and that comply with emerging standards such as the IOSCO Principles for Financial Benchmarks, and to identify an adoption plan with means to facilitate the acceptance and use of these alternative reference rates." - Alternative Reference Rate Committee

The ARRC works with industry participants for an orderly transition to SOFR from LIBOR to ensure the successful implementation of the Paced Transition Plan.

It serves as a forum to coordinate and track planning across cash and derivatives products and market participants currently using USD LIBOR.

See also

• Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks
• Federal Reserve
• IOSCO
• LIBOR
• National Working Group on Swiss Franc Reference Rates
• Paced Transition Plan
• Reference rate
• Risk-free rates
• SOFR
• Steering Committee for SOR & SIBOR Transition to SORA (SC-STS)
• The Working Group on Sterling Risk-Free Reference Rates (RFR WG)
• Working group on euro risk-free rates