Compliance Week

Fed rule sets SOFR as LIBOR replacement

The Federal Reserve Board adopted a rule that will officially set the Secured Overnight Financing Rate (SOFR) as the fallback benchmark rate in financial contracts that reference the expiring London ...
Nasdaq

Bank of America Corporation Announces CME Term SOFR as Benchmark Replacement Rate for Certain Outstanding USD LIBOR Securities After June 30, 2023

Any reference to a specified source for USD LIBOR shall be replaced with the publication of the applicable Board-selected benchmark replacement (inclusive of the applicable tenor spread adjustment) by ...
Business Wire

Citi LIBOR Transition Update

Citi, as the determining person for each Legacy LIBOR Instrument listed on Annex 2, has determined that the Board-selected benchmark replacement will be the replacement for USD LIBOR in each such ...
Asset Servicing Times

DTCC launches service to support transition from LIBOR benchmark rates

The Depository Trust and Clearing Corporation has launched a LIBOR Benchmark Replacement Index solution to support the industry’s transition to alternative interest rate benchmarks. Users will be able ...
Seeking Alpha

First Horizon Announces CME Term SOFR as Benchmark Replacement Rate for Certain Outstanding USD LIBOR Securities After June 30, 2023

MEMPHIS, Tenn., April 25, 2023 /PRNewswire/ -- First Horizon Corporation (FHN) (NYSE: FHN or "First Horizon") today announced that, after June 30, 2023, US dollar LIBOR will be replaced with CME Term ...