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SOFR Patch – Future Release

At the end of 2021, the LIBOR Index Rates may permanently cease to be published, and the industry recommendation is to move to the Secured Overnight Finance Rate (SOFR) and rate methodologies recommended by the Alternative Reference Rates Committee (ARRC). Strategy’s robust Adjustable Loan module already supports loans that will operate using the Daily Simple SOFR rate or any of the term rates published based on SOFR. The SOFR Use Cases below can be used to test the existing functionality. Additional Use Cases will be provided for compounding in arrears with the patch.

The SOFR patch, coming soon, contains minor changes to Strategy to support the rate methodology of Compounding in Arrears proposed by the ARRC. Details about the changes will be provided in the near future.  For your convenience, additional information about using Strategy for the transition from LIBOR to SOFR is made available below under Additional Release Information.

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