On January 31, 2020, the ARRC released a vendor survey and a buy-side checklist. Both documents were developed by the ARRC’s Operations/Infrastructure Working Group and, according to the ARRC, are intended to support market participants’ work to address operational challenges in the transition from USD LIBOR to SOFR. The survey serves as a self-assessment tool for software and technology vendors to assess their own readiness and as a platform to raise operational issues to the ARRC. The buy-side checklist provides steps that buy-side firms can consider when transitioning from LIBOR.

A copy of the ARRC’s announcement regarding the survey and buy-side checklist can be found here.