United States:
ARRC Provides "Systems And Processes" Transition Aid For SOFR Adoption
14 July 2020
Cadwalader, Wickersham & Taft LLP
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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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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