Paced Transition Plan
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US interest rate benchmarks.
The Paced Transition Plan is part of the change from LIBOR to successor benchmark interest rates.
The Alternative Reference Rates Committee (ARRC) adopted the Paced Transition Plan on 31 October 2017 in order to progressively build the liquidity required to support issuance of contracts referring to SOFR (Secured Overnight Financing Rate) and voluntary transition from USD LIBOR by market participants.
