RBI : External Commercial Borrowing (ECB)/Trade Credit (TC) – Transition from LIBOR to Alternative Reference Rate (ARR) (10.12.2021) Leave a Comment / Daily Updates / By Team Bizsol RBI: External Commercial Borrowing (ECB)/Trade Credit (TC) – Transition from LIBOR to Alternative Reference Rate (ARR) (RBI/2021-22/135 A.P. (DIR Series) Circular No. 19 dtd. 08.12.2021)