ARRC asks for clarity on legacy Ibor contracts, as first Sofr swaps trade
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Derivatives

ARRC asks for clarity on legacy Ibor contracts, as first Sofr swaps trade

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The Alternative Reference Rates Committee, a US body committed to transitioning markets away from interbank offered rates, this week published a letter it had sent to financial regulators and supervisors, asking for clarity on how derivatives contracts referencing the benchmarks would be impacted by amendments crafted to deal with their discontinuation.

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