11.19.21
Under SFA and market leadership, the Alternative Reference Rate Committee (ARRC) Securitizations Working Group (SWG) recently released an Addendum to the Options for Using SOFR in New ABS, MBS, and CMBS Products. The Addendum describes how an in arrears methodology referencing SOFR could be used as an all-in index in new U.S. issuance of ABS and establishes standard conventions for such a methodology. The SWG’s previously published white paper outlines the use of SOFR, with a monthly reset, set in advance of the accrual period.
To learn more about SFA’s work on the LIBOR transition front, from federal legislation advocacy to SFA’s accomplishments with the ARRC SWG, Click Here.