Oct-18 LIBOR Replacement: Watchlist
In October, the US LIBOR alternative rate took an important step:
- The FASB has officially accepted SOFR as an eligible rate for hedge accounting.
Additionally, in the past month:
- Over $200M in OTC SOFR swaps were cleared on CME in the 1st week of October alone.
- The ARRC held webinars and presentations regarding fallback contract language for Floating Rate Notes and Syndicated Business Loans.
- Interesting "compression" ideas emerged for LIBOR transitions and have been proposed to various industry groups.
We've updated our handy watchlist with all the latest: WATCHLIST: Replacing LIBOR.
About Epsilon Technologies Group
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.
