Summary and Update of the ARRC's Term SOFR Scope of Use Best Practice Recommendations April 21, 2023 In July 2021, the ARRC en
![discounting - Difference between 1-month and 3-month SOFR, and the relationship between them - Quantitative Finance Stack Exchange discounting - Difference between 1-month and 3-month SOFR, and the relationship between them - Quantitative Finance Stack Exchange](https://i.stack.imgur.com/CVte7.png)
discounting - Difference between 1-month and 3-month SOFR, and the relationship between them - Quantitative Finance Stack Exchange
![CME Group on X: "#SOFR News: The Alternative Reference Rates Committee (ARRC) has endorsed the CME Term SOFR 12-month rate for use in alignment with its Best Practice Recommendations. Read More: https://t.co/Ji4n5aQ2NA CME Group on X: "#SOFR News: The Alternative Reference Rates Committee (ARRC) has endorsed the CME Term SOFR 12-month rate for use in alignment with its Best Practice Recommendations. Read More: https://t.co/Ji4n5aQ2NA](https://pbs.twimg.com/media/FTOkrLNWQAIelYD.jpg)