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ISDA CEO provides informal comments on Updating Term SOFR

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Published on: 27 April 2023

Published by LNB News

LNB News 27/04/2023

Document Information

Issue Date: 27 April 2023

Published Date: 27 April 2023

Jurisdiction(s): United Kingdom and Ireland

Article summary

The International Swaps and Derivatives Association (ISDA) has published informal comments by CEO Scott O’Malia on the updated term SOFR. With the likely demand for term SOFR hedges, and the one-way risk exposure towards dealers, there are concerns that dealers may eventually hit risk limits and push the cost of term SOFR hedges to high levels. The update by the Alternative Reference Rates Committee (ARRC) intends to provide dealers an additional means of offsetting the risk accumulated by offering term SOFR hedges to end users.

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