Aug-18 LIBOR Replacement: Watchlist

In August, the market made new strides in accepting alternative rates to LIBOR and particularly for SOFR in the US:

There were three significant debt-issuances based on SOFR, first from Fannie Mae, followed by the World Bank and then Credit Suisse.
These debt issuances were followed by the clearing of the first-ever SOFR based swaps.
Both the ICE and CME announced new futures would be trading in October. The ICE will add 1M and 3M SOFR futures and the CME, already trading SOFR futures, will begin trading 3M and BoE MPC contracts for SONIA.

We've updated our handy watchlist with all the latest: WATCHLIST: Replacing LIBOR.

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Principia Partners LLC provides solutions for derivative and fixed income operations. Global financial institutions and independent asset managers have used the award-winning Principia Analytic System since 1995 to unify valuations, portfolio management, risk surveillance, hedge accounting and operational control across the breadth of fixed income and derivative products. In 2015, Principia launched its Analytic Service, pasVal, to make its award-winning pricing and analytics available to an even broader range of businesses.