Options for Using SOFR in New ABS, MBS, and CMBS Products
By EsqSocial Corporation 09/04/21
The Alternative Reference Rates Committee (“ARRC”) convened by the Federal Reserve Board and the Federal Reserve Bank of New York, with the assistance of its Securitizations Working Group released a report (the “Report”) on March 29, 2021 entitled “Options for Using SOFR in New ABS, MBS, and CMBS Products.” Out of awareness for the variety of structures, exposures and preferences of the market participants involved, the model presented does not deal with corporate collateralized loan obligation...
By: King & Spalding