As I said in the other similar post to this, I believe most of the contracts have already been transitioned to SOFR for USD and ESTR for EUR. It was done months ago. Actually, now that I think of it, it might have been Dec 2021 that it was done. At first was thinking it was this past December but I think it was the December before that. Some explanation of the change:
I will look more into that, thanks. However, there is not a public place I know of where I can look at how many contracts still have to switch over to SOFR.
EDIT: So from your link they are stating Dec-2021 was the date where everything LIBOR was originally supposed to flip to SOFR (which is true) but that got postponed to June 30, 2023. This article you posted was from October 19, 2019 which is pretty outdated as of now, a lot of things have happened in this space since then.
I believe most of the change over did happen in Dec 2021, as I was writing some of the code for that. If I had to guess I would say this is a nothing-burger, like y2k.
No, I don't have any documents I can point you to about other conversions. The conversions I did was for corporate credit - single name cds's, indexes, index tranche, etc.
As I said in the other similar post to this, I believe most of the contracts have already been transitioned to SOFR for USD and ESTR for EUR. It was done months ago. Actually, now that I think of it, it might have been Dec 2021 that it was done. At first was thinking it was this past December but I think it was the December before that. Some explanation of the change:
https://www.morganstanley.com/ideas/libor-its-end-transition-to-sofr/
I will look more into that, thanks. However, there is not a public place I know of where I can look at how many contracts still have to switch over to SOFR.
EDIT: So from your link they are stating Dec-2021 was the date where everything LIBOR was originally supposed to flip to SOFR (which is true) but that got postponed to June 30, 2023. This article you posted was from October 19, 2019 which is pretty outdated as of now, a lot of things have happened in this space since then.
I believe most of the change over did happen in Dec 2021, as I was writing some of the code for that. If I had to guess I would say this is a nothing-burger, like y2k.
Could you pull up some sources confirming that?
Also do you know what area of finance you were writing the code for? Like mortgage, student loans, etc.
No, I don't have any documents I can point you to about other conversions. The conversions I did was for corporate credit - single name cds's, indexes, index tranche, etc.