LIBOR-based investment products

The Alternative Reference Rates Committee (“ARRC”) has published a Buy-Side/Asset Owner Checklist (the “Buy-Side Checklist”) that is intended to assist asset managers and asset owners transition from U.S. Dollar (USD) LIBOR to the Secured Overnight Financing Rate (“SOFR”).

The Buy-Side Checklist establishes goals and concrete implementation steps for 10 “work categories”.  This blog post will provide asset management firms with an overview of this checklist. Attached to this post is a A Summary of The ARRC’s Buy-Side Checklist.  
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