Pages from ConceptCreditAgreement_Article_012820_v1

Recently, the LSTA took the next step in its efforts to educate market participants on replacement benchmarks by distributing a draft “concept credit agreement” referencing a compounded average of daily SOFRs calculated in arrears (“Compounded SOFR in Arrears”). The key points to highlight in the draft are discussed, but readers should bear in mind that the draft is subject to evolution.

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ConceptCreditAgreement_Article-January-28-2020.pdf

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