Amendment: Transition to TONA and SOFR benchmarks for OTC derivatives
COMCMT1R-EP1R-C2R-EPCNCADO
Updated 34mo ago
This procedure updates technical standards for financial benchmarks used in certain over-the-counter derivative contracts. It ensures these contracts align with new reference rates, maintaining market stability and regulatory compliance.
Financial institutions and market participants trading specific derivative contracts will be affected. The changes relate to the transition from older benchmarks to the TONA and SOFR rates.