Kevin M. Ryan

Kevin M. Ryan

Sheppard Mullin Richter & Hampton LLP

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LSTA Publishes Term SOFR Concept Document

On August 25, the LSTA published its Term SOFR Concept Document (the “Term SOFR Concept Document”)—the latest addition to its suite of SOFR-based Concept Documents. The Term SOFR Concept Document was prepared in response...more

9/8/2021  /  Alternative Reference Rates Committee (ARRC) , Lending , Libor , Loan Syndication and Trading Association (LSTA) , Secured Overnight Funding Rate (SOFR) , Updated Forms

ARRC Formally Recommends Term SOFR

As expected, on July 28, 2021, the Alternative Reference Rates Committee (ARRC) formally recommended the CME’s SOFR Term Rate. The SOFR Term Rate is known in advance of the related interest period and provides an indicative,...more

8/3/2021  /  Alternative Reference Rates Committee (ARRC) , Banking Sector , Financial Institutions , Interest Rates , Libor , Secured Overnight Funding Rate (SOFR)
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