Tess Virmani - Associate General Counsel & EVP Public Policy, LSTA August 2021 A LOOK AT THE LSTA’S TERM SOFR CONCEPT DOCUMENT 2 Key Events • July 29th: The ARRC formally recommended CME Group’s Term SOFR Reference Rates • July 21st: ARRC recommended use cases include new business loans, CLOs and end- user hedges of...