Click Read more to take part in our survey on the LMA’s RFR documentation suite. The results of the survey will help us in our ongoing process of reviewing and consolidating our documentation suite. 

The survey consists of 12 questions and requests your views on various RFR related documentation topics including EURIBOR fallbacks, alternative term rates, term SOFR fallbacks, baseline CAS and the most often used interest rate drafting. The survey should take no more than ten minutes to complete and should be completed in one go.

On 28 June 2024, the FCA published a reminder of the expected cessation of the remaining synthetic US dollar LIBOR settings (the 1-, 3- and 6-month settings) at the end of September 2024.

The FCA urged market participants with outstanding US dollar LIBOR exposures to ensure they are prepared for these remaining LIBOR settings to cease by the expected deadline. The cessation of these remaining settings will be the last milestone in the transition away from LIBOR, marking the end of LIBOR overall.

Publication of all three tenors of CDOR will cease to be published after 28 June 2024. All new loan agreements for Canadian dollar must, going forward, reference an alternative rate, for example compounded CORRA or Term CORRA.

To assist the market with transition, as a reminder, the LMA published in October 2023, a revised version of its CORRA Schedules which contains wording for both compounded CORRA and term CORRA for use in conjunction with the compounded rate facilities agreements and the investment grade Term SOFR facilities agreement respectively.

For further information on the cessation of CDOR, and to access CARR’s key documents and other reference materials including recommended conventions and fallbacks, please click Read more to visit the CARR’s webpage.