Fed group: SOFR term rate unlikely in 2021

ARRC chair says use case of a forward-looking benchmark would be limited


The development of an official forward-looking version of the secured overnight financing rate by the end of 2021 is in serious doubt after the chair of a key industry group backed by the Federal Reserve tempered expectations for such a benchmark.

Tom Wipf, chair of the Alternative Reference Rates Committee, quashed any notion that a term SOFR – originally pencilled in for June 2021 – would be ready by mid-year and doubted one would be available by year-end.

“We don’t think we’re going to be

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options


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 Risk.net 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