Sep-19 LIBOR Replacement: Watchlist
LIBOR Replacement now seems inevitable:
- 4 key milestones outlined in the ARRC's Paced Transition to SOFR Plan have completed earlier than anticipated.
- In August, ISDA published the preliminary results of its fallback consultation and in July, the ARRC released another consultation on fallbacks for residential ARMs.
- Both the SEC and IOSCO have issued statements regarding the LIBOR transition
- Singapore, which is not a LIBOR jurisdiction, announced transition plans from the SGD Swap Offer Rate (SOR) to the Singapore Overnight Average (SORA) in anticipation of LIBOR cessation.
We've updated our handy watchlist with all the latest: 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.