29th July 2021 – ARRC formally recommends CME Term SOFR
Xavier Pujos2021-09-12T10:48:19+00:0029/07/2021 ARRC announces their decision as “a major milestone in the transition away from U.S. dollar (USD) LIBOR, providing market participants with an essential transition tool” See the official press release from ARRC here - https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2021/ARRC_Press_Release_Term_SOFR.pdf Refer to the ARRC website at the following address - https://www.newyorkfed.org/arrc/index.html
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