Fed's Quarles Keynotes 
ARRC SOFR Symposium
Below are five takeaways from the "The SOFR Symposium: The Final Year," hosted by the Alternative Reference Rates Committee (ARRC) on Monday, March 22. The full agendawebcast recording 
and presentation are available on the Events page of the New York Fed website.
1. USD Libor’s end date is set
2. Fed calls for banks to end new Libor usage this year
3. ARRC will not recommend a SOFR term rate by mid-2021
4. Lack of SOFR adoption in business loan market is concerning
5. Borrowers request 'SOFR in advance' loans in lieu of term rate
Resources:
ARRC Updated User’s Guide to SOFR (February 2021, definition on pages 10-15)
Webcast recording of The SOFR Symposium: The Final Year (March 22, 2021; 1:02:30 to 1:31:20)
View Eris SOFR Live Markets at erisfutures.com/live
Eris SOFR Resources

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