The ARRC Issues Updated Report
In March, the ARRC Issued a second report, as an update to its initial report on LIBOR replacements. Highlights of this update include:
- The addition of SOFR tenors to their paced transition plan
- Further examination of contractual language for fallbacks
- Estimates on the size of activity that currently references US dollar LIBOR
We've updated our handy LIBOR replacement watchlist with these highlights and all the latest changes to the LIBOR replacement effort: WATCHLIST: Replacing LIBOR.
About Principia Partners
Principia Partners LLC (Principia) provides solutions for derivative and structured finance operations. Global financial institutions and independent asset managers have used the award-winning Principia Structured Finance Platform since 1995 to unify investment analysis, portfolio management, risk surveillance, accounting and operational control across the breadth of structured credit assets, fixed income investments and complex derivatives. In 2015, Principia launched its Analytic Service, pasVal, to make its award-winning pricing and analytics available to an even broader range of businesses.
Principia is based in New York, with an office in London and a technology center in King of Prussia, Pennsylvania.