Draft LIBOR Fallback language

The Transaction Process Management Committee “TPMC”) LIBOR Sub-Committee has prepared the attached draft LIBOR Fallback language and is distributing the drafts to the ACIC Fellows for review and comment.  The LIBOR Fallback Language addresses what happens to floating rate notes if LIBOR is no longer available to be used as a reference rate.  Please let Matt Gabrys (matthewgabrys@northwesternmutual.com) know if you have any comments to the LIBOR Fallback Language.

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