United States: ARRC Details Suggested Fallback Formula For USD LIBOR ICE Swap Rate - Cadwalader, Wickersham & Taft LLP

United States: ARRC Details Suggested Fallback Formula For USD LIBOR ICE Swap Rate - Cadwalader, Wickersham & Taft LLP

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In a new white paper, the Alternative Reference Rates Committee detailed a suggested fallback formula from the U.S. dollar LIBOR ICE Swap Rate to a spread-adjusted Secured Overnight Financing Rate Swap Rate.

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