- ARRC is prompting the use of a 30-day average SOFR in pricing securitizations. The industry working outlined that the 30-day average SOFR already incorporates beneficial aspects that make it a preferable alternative to USD LIBOR for some securitized products such as those bundling mortgages, student loans, and commercial loans
- ARRC also stressed that now is the time for the market participants to stop issuing LIBOR products, including securitized products
- https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2021/options-for-using-sofr-in-new-abs-mbs-cmbs-products-032921
