ARRC Publishes White Paper on Fallback Formula for USD LIBOR ICE Swap Rate
By EsqSocial Corporation 14/04/21
The Alternative Reference Rates Committee (ARRC) recently published a white paper suggesting a fallback formula for the USD LIBOR ICE swap rate. The paper describes a formula that was developed by the ARRC Market Structure and Paced Transition Working Group to calculate a fallback from the USD LIBOR ICE Swap Rate to a spread-adjusted Secured Overnight Financing Rate (SOFR) Swap Rate......
By: Weiner Brodsky Kider PC