<p><span>Hello, and welcome to our first Benchmark Strategies Forum of 2022. I’d like to thank CME Group for continuing to support this event. I’d also like to thank our speakers and all of you for joining us today.</span></p>
<p><span>ISDA has published the following statement in response to the release of a </span><a href="https://www.refinitiv.com/content/dam/marketing/en us/documents/methodology/future-of-cdor-consultation.pdf.">consultation on the potential cessation of the Canadian Dollar Offered Rate</a><span> (CDOR) by Refinitiv Benchmark Services (UK) Limited (RBSL), the administrator of CDOR.</span></p>
<p><span>ISDA has published the following statement in response to yesterday’s announcements by the </span><a href="https://www.bankofcanada.ca/2021/12/carr-publishes-white-paper-recommended-future-cdor/">Canadian Alternative Reference Rate (CARR)</a><span> working group and </span><a href="https://www.refinitiv.com/en/media-center/press-releases/2021/december/refinitiv-responds-to-white-paper-by-the-canadian-alternative-reference-rate-working-group-regarding-cdor">Refinitiv Benchmark Services (UK) Limited</a><span> (RBSL), the administrator of the Canadian Dollar Offered Rate (CDOR).</span></p>
NEW YORK / LONDON / SINGAPORE – Refinitiv today announces that USD IBOR Institutional Cash Fallbacks are now production benchmarks, and it will launch USD IBOR Consumer Cash Fallbacks 1-week and 2-month settings on January 3, 2022 – pending Refinitiv Benchmark Services (UK) Limited (“RBSL”) board approval.
<p><span>Refinitiv today announces that USD IBOR Institutional Cash Fallbacks are now production benchmarks, and it will launch USD IBOR Consumer Cash Fallbacks 1-week and 2-month settings on January 3, 2022 – pending Refinitiv Benchmark Services (UK) Limited (“RBSL”) board approval. This follows the Alternative Reference Rates Committee’s (ARRC) March 2021 </span><a href="https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2021/20210317-press-release-Spread-Adjustment-Vendor-Refinitiv.pdf" target=" blank">announcement</a><span> that it had selected Refinitiv to publish its recommended spread adjustments and spread adjusted rates for cash products and Refinitiv’s August 2021 </span><a href="https://www.refinitiv.com/en/media-center/press-releases/2021/august/refinitiv-launches-usd-ibor-cash-fallbacks-prototype-to-facilitate-industr