ARRC: Difference between revisions

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imported>Doug Williamson
(Detailed description for ARRC, copied partly which is under " ". Source used : https://www.newyorkfed.org/arrc.)
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''US interest rate benchmarks''.
''US interest rate benchmarks''.


The ARRC is the Alternative Reference Rates Committee.
The former Alternative Reference Rates Committee.
 
"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 U.S. Department of the Treasury, the U.S. 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." -  https://www.newyorkfed.org/arrc
 
ARRC works with industry participants for orderly transition to SOFR from LIBOR to ensure the succesful 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==
==See also==
*[[Federal Reserve]]
*[[Alternative Reference Rates Committee]]
*[[LIBOR]]
*[[LIBOR]]
*[[Reference rate]]
*[[Risk-free rates]]
*[[SOFR]]
*[[SOFR]]
*[[Paced Transition Plan]]


[[Category:Corporate_financial_management]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Latest revision as of 07:09, 1 February 2024

US interest rate benchmarks.

The former Alternative Reference Rates Committee.


See also