7.21.21
On July 21, the Alternative Reference Rates Committee (ARRC) announced recommended conventions and use cases in relation to forward-looking SOFR Term Rates. The recommendations support the use of SOFR Term Rates for (i) bilateral business loans and (ii) certain securitizations with underlying assets that are themselves tied to SOFR Term Rates and where those assets cannot easily reference other forms of SOFR. If you have any questions regarding the ARRC’s latest announcement or SFA’s efforts on the LIBOR transition, please reach out to Alyssa Acevedo.