LIBOR Transition - Frequently Asked Questions
As LIBOR is being phased out and alternative reference rates are being adopted around the world, investors are coming to grips with the impact of such a change on many corners of finance, from interest rate derivatives and securitized products to adjustable-rate mortgages and floating rate notes. As the transition remains highly fluid, PGIM Fixed Income's FAQ addresses a wide array of questions related to the LIBOR transition, including:
What are the alternative reference rates (ARRs) that will replace LIBOR for each currency?
When will LIBOR cease to be published?
How have the various new issue floating rate cash markets utilized alternative reference rates?
How has the derivatives market’s adoption of an alternative reference rate progressed?
How will legacy LIBOR securities transition to an alternative reference rate?
How has the transition in bank loans been different from the rest of the market?
How is PGIM Fixed Income approaching the LIBOR transition?
For answers to these questions, as well as several others related to the cessation of LIBOR, read the full FAQ now.