SOFR credit debate is “hindrance” to corporate transition

Libor Telethon 2020: NACT chair calls for clear path towards SOFR adoption before 2023 switch-off

interest-rates arrows

Debate over a credit-sensitive alternative to the secured overnight financing rate, or SOFR, is hindering the transition from Libor, according to a senior corporate treasury official.

Tom Deas, chairman of the National Association of Corporate Treasurers, said the credit-sensitivity discussion “really is a hindrance at this point”.

He added corporate treasurers have swathes of Libor-linked commercial transactions with customers, suppliers and employees – all of which need to be transitioned.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: