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Capital Markets

Committee Reviewing Feedback on Libor Replacement Fallbacks

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December 08, 2018

Proposals for corporate-favored term SOFR expected soon. 

While exchanges and others are working on making the Secured Overnight Financing Rate more palatable for corporates, the Alternative Reference Rates Committee (ARRC), which chose the new benchmark to replace Libor, recently closed its comment period on so-called fallbacks for syndicated loans and floating-rate notes.
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