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Term SOFR—what is the impact of the ARRC recommendation?

Published on: 04 August 2021
Published by: LexisPSL
  • Term SOFR—what is the impact of the ARRC recommendation?
  • When is the ARRC recommending Term SOFR be used?
  • What alternatives are there to Term SOFR for USD loans?
  • How does the use case for Term SOFR compare with the use case for Term SONIA?
  • What conventions should be used when documenting the loans?
  • When should market participants start to use Term SOFR?
  • What does this mean for legacy contracts in the US?
  • What does this mean for English law USD and multicurrency loans?

Article summary

Banking & Finance analysis: The Alternative Reference Rates Committee (ARRC) has formally recommended Term Secured Overnight Financing Rate (SOFR). This news analysis looks at when Term SOFR can be used and what the development means in practice for transactions. or take a trial to read the full analysis.

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