10.24.19
U.S. central counterparty clearing house CME has confirmed that they will readjust their date for a transition from LIBOR to SOFR to be in alignment with the London-based LCH. Many market experts believe that this move, which took into account comments by the Alternative Reference Rates Committee (ARRC) and other industry participants, will “help to accelerate the development of liquidity in SOFR-linked derivatives.”
Read more at Practice Insight.