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