Updates to LIBOR Replacement: Watchlist
In June and July, there were continued market developments on the LIBOR replacement/reform front:
- ISDA published a Transition Report. This highlights the need for immediate action by market participants and includes a transition checklist.
- The AARC published Guiding Principles for Fallback Contract Language on new financial contracts. This is a key milestone.
- ISDA supplemented the 2006 Definitions with "USD-SOFR-COMPOUND". This clarifies the SOFR rate reset and fallbacks.
We've updated our handy watchlist with all the latest: WATCHLIST: Replacing LIBOR.
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