Aug-18 LIBOR Replacement: Watchlist

In August, the market made new strides in accepting alternative rates to LIBOR and particularly for SOFR in the US:

There were three significant debt-issuances based on SOFR, first from Fannie Mae, followed by the World Bank and then Credit Suisse.
These debt issuances were followed by the clearing of the first-ever SOFR based swaps.
Both the ICE and CME announced new futures would be trading in October. The ICE will add 1M and 3M SOFR futures and the CME, already trading SOFR futures, will begin trading 3M and BoE MPC contracts for SONIA.

We've updated our handy watchlist with all the latest: WATCHLIST: Replacing LIBOR.

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Epsilon is a vibrant capital markets technology solutions and services firm serving small and medium-sized financial institutions such as regional banks, Government-Sponsored Enterprises, and Federal Home Loan Banks. The Group’s deep expertise embraces every aspect of software development, products, data, technologies, and consulting. Epsilon offers ETS and Principia Analytic System as licensed products, and various innovative bespoke solutions across a broad set of capital markets domains. Epsilon also offers a full range of consulting services, including implementation, advisory, analytics, risk management, accounting, and data modeling.