Alternative Reference Rates Committee

US interest rate benchmarks.

(ARRC).

"The Alternative Reference Rates Committee is a group of private-market participants convened by the Federal Reserve Board and the New York Fed to help ensure a successful transition from US dollar (USD) LIBOR to a more robust reference rate, its recommended alternative, the Secured Overnight Financing Rate (SOFR).

The ARRC is comprised of a diverse set of private-sector entities that have an important presence in markets affected by USD LIBOR and a wide array of official-sector entities, including banking and financial sector regulators, as ex-officio members."

Source - New York Fed - Alternative Reference Rates Committee.

The ARRC works with industry participants for an orderly transition to SOFR from USD LIBOR.

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

See also

• Canadian Alternative Reference Rate Working Group (CARR)
• Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks
• Federal Reserve Board
• International Organization of Securities Commissions (IOSCO)
• LIBOR
• National Working Group on Swiss Franc Reference Rates
• New York Fed
• Paced Transition Plan
• Reference rate
• Risk-free rates
• SOFR
• Steering Committee for SOR & SIBOR Transition to SORA (SC-STS)
• USD LIBOR
• Working group on euro risk-free rates
• Working Group on Sterling Risk-Free Reference Rates (RFR WG)

External link

• Alternative Reference Rates Committee - about us