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CITY O F W ATER LO O TREAS RERS REPO RT DEEM BER 2 02 1FINANCIAL REPO RTS ARE PRELIM INARYYEAR END AU DIGNITY OF WATERLOOCheck Register Finance Committee Approval Reportage:Check Issue Dates: 12/1/2021
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The ARRC Closing Report Final is a comprehensive document summarizing the financial activities and results of a specific transaction or project that has been carried out under the Alternative Reference Rates Committee (ARRC) guidelines, typically required to finalize accounting and reporting obligations.
Entities involved in transactions guided by the ARRC, including financial institutions, borrowers, and other stakeholders participating in the use of alternative reference rates are required to file the ARRC Closing Report Final.
To fill out the ARRC Closing Report Final, entities should gather relevant financial data, complete each section of the report including transaction details, and ensure that all required signatures and supporting documentation are included before submission.
The purpose of the ARRC Closing Report Final is to document and disclose the final details of a transaction under the ARRC guidelines, ensuring transparency, compliance, and accurate financial reporting.
The information that must be reported includes transaction amounts, counterparty details, dates, reference rates used, and any adjustments made during the reporting period.
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