Paced Transition Plan

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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.

See also