Keep these dates in mind as the LIBOR to SOFR transition approaches.
Click on the dates to collapse and expand information.
December 2021Cessation of one-week and two-month LIBOR. LIBOR based loans no longer being originated.
March 5thICE Benchmark Administration (IBA) states the definitive end of LIBOR; ISDA subsequently announces fixing of spread adjustments [Resource] [Resource]
January 25thISDA IBOR Fallbacks Supplement "Effective Date". Deadline to adhere to Protocol without a $500 fee.
First Half 2021Proposed Release of Term (forward-looking) SOFR
December 31stFinal day for Fannie Mae and Freddie Mac to purchase LIBOR indexed loan
October 23rdISDA published IBOR Fallbacks Supplement and IBOR Fallbacks Protocol [Fallbacks Supplement] [Fallbacks Protocol]
October 19thBoth derivatives clearing houses, LCH and CME, will convert their discounting methodology for all USD based derivatives from Fed Funds to SOFR. This should create more liquidity for a SOFR swap market. [Resources]
September 30thFinal day for Fannie Mae and Freddie Mac LIBOR loans to go under application
September 1stFreddie Mac no longer quoting LIBOR indexed loans, all new quotes will be SOFR indexed
AugustISDA to publish definitions for fallback triggers, rates and spread adjustments [Resources]
JulyBloomberg began publishing ISDA SOFR spread adjustment [Resources]
AARC formed to assess LIBOR phaseout and research alternative rate indices