SC-SCTS outlines SOR's role as fallback rate

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No Transition from SOR to SORA is expected before end-2021. The Steering Committee for SOR Transition to SORA (SC-SCTS) has outlined the role played by Fallback Rate (SOR) in the on-going transition from SOR to SORA and reiterated its support for the use of SOR as the primary fallback reference rate for SOR derivatives. Market participants are expected to transition from SOR to SORA well ahead of end-2021, according to the transition roadmap set out by SC-SCTS. read more