Updates to LIBOR Replacement: Watchlist
In September, the US LIBOR alternative rate continued to gain market acceptance:
- SOFR-based debt issuances and swaps continued to grow, including the first-ever SOFR-based muni-bond by New York's MTA.
- The ARRC released consultations on fallback contract language.
- The ARRC also published a new and very useful set of SOFR-related FAQs complete with links to source materials.
We've updated our handy watchlist with all the latest: WATCHLIST: Replacing LIBOR.
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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.