Paced Transition Plan: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
(Update for LIBOR transition progress.) |
||
| 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 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 USD LIBOR by market participants, substantially complete by 2024. | ||
| Line 15: | Line 15: | ||
*[[Transition risk]] | *[[Transition risk]] | ||
[[Category: | [[Category:Financial_products_and_markets]] | ||
Revision as of 19:13, 11 March 2024
US interest rate benchmarks.
The Paced Transition Plan was part of the change from 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, substantially complete by 2024.
