ARRC Releases Libor Transition Guides for ARMs, Student Loans

Posted: Aug 19 2020

The Alternative Reference Rates Committee yesterday released reference rate transition guides for adjustable-rate mortgages and student loans that reference the London Interbank Offered Rate. With Libor not guaranteed to be available after 2021, the guides help market participants transition to the Secured Overnight Financing Rate, the ARRC’s recommended Libor alternative. Each guide covers key external and internal milestones, transition risks and stakeholder effects and workstreams.

To download the ARM transition guide, visit: https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2020/LIBOR_ARM_Transition_Resource_Guide.pdf

To download the student loan transition guide, visit: https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2020/Legacy_LIBOR-Based_Private_Student_Loan_Transition_Resource_Guide.pdf