In a newly released paper, the Alternative Reference Rates Committee ("ARRC") focused on internal systems and processes for market participants transitioning to the Secured Overnight Financing Rate ("SOFR"). The "Internal Systems and Processes: Transition Aid for SOFR Adoption" document identifies (i) "upstream and downstream" areas that could have potential implications on the transition and (ii) dependencies that may affect the progress of transition activities.
Originally published July 09, 2020.
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