ARRC eyes July ‘SOFR first’ switch

Adoption of RFR for swaps quoting conventions should pave the way for term SOFR endorsement

SOFR-first-initiative

The Federal Reserve-backed group tasked with weaning US markets off Libor is eyeing a July deadline for dealers to switch their quoting conventions for US dollar swaps to the secured overnight financing rate, regulators’ preferred successor for US dollar Libor.

According to Tom Wipf, chair of the Alternative Reference Rates Committee (ARRC), the planned ‘SOFR first’ initiative, which would require dealers to price dollar swaps transactions off a SOFR curve, is critical for enhancing liquidity

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here