Alternative Reference Rates Committee

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US interest rate benchmarks.


"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

External link