Yes, the average LIBO Rate and average SOFR generated by the Calculators satisfy the “Cost of Carry Rate” that has been set forth in the LSTA Standard Terms and Conditions for Primary Allocations, Par/Near Par Trade and Distressed Trade Confirmations, as revised from time to time, (the “STCs”).  LSTA Trade Confirms must support the trading of all syndicated loans. As the USD loan market transitions from utilizing the LIBOR benchmark to other rates, typically SOFR, it became evident that calculating cost of carry based on the average LIBO Rate would no longer be effective and yet calculating cost of carry based on different underlying benchmarks would be cumbersome and suboptimal. Therefore, for trades entered into on and after December 1, 2021, the LSTA updated Section 6 of the STCs to have a single cost of carry calculation that will utilize one “Cost of Carry Rate”, including a static spread adjustment, regardless of the underlying benchmark or currency of the facility traded. Below please find the revised definition of “Cost of Carry Rate”. Cost of Carry Rate means, for the Delay Period (i) (a) the sum of all the individual daily simple SOFRs for each day in the period from (and including) the date two (2) Business Days before the Commencement Date and to (but excluding) the date that is two (2) Business Days before the Delayed Settlement Date divided by (b) the total number of days in such period plus (ii) a spread adjustment equal to 11.448 basis points. According to the prior version of the STCs which were made effective for trades entered into on or after September 13, 2021 but prior to December 1, 2021: Cost of Carry Rate means, for the Delay Period: (i) if the Debt references (a) a LIBO Rate or (b) an “Alternate Base Rate” or “ABR” as defined in the Credit Agreement as the applicable benchmark rate of interest as of the last day of the Delay Period, (1) the sum of all the individual 1M-LIBO Rates for each day in the period from (and including) the date two (2) Business Days before the Commencement Date and to (but excluding) the date that is two (2) Business Days before the Delayed Settlement Date (2) divided by the total number of days in such period; (ii) if the Debt references a Risk-Free Rate (“RFR”)-based rate as the applicable benchmark rate of interest as of the last day of the Delay Period, (a) the sum of all the individual applicable RFRs for each day in the period from (and including) the date two (2) Business Days before the Commencement Date and to (but excluding) the date that is two (2) Business Days before the Delayed Settlement Date (b) divided by the total number of days in such period; (iii) If the Debt references a benchmark rate other than one described in clause (i) or (ii) above (including, but not limited to, a Credit Sensitive Rate) as the applicable benchmark rate of interest as of the last day of the Delay Period, (a) the sum of all of the individual RFRs applicable for the LIBO Rate Currency in which the Debt is denominated for each day in the period from (and including) the date two (2) Business Days before the Commencement Date and to (but excluding) the date that is two (2) Business Days before the Delayed Settlement Date (b) divided by the total number of days in such period; and (iv) if the Debt references both a LIBO Rate and one or more of any other benchmark rate described in clause (ii) or (iii) as applicable benchmark rates of interest as of the last day of the Delay Period, (a) the sum of all the individual applicable RFRs for each day in the period from (and including) the date two (2) Business Days before the Commencement Date and to (but excluding) the date that is two (2) Business Days before the Delayed Settlement Date (b) divided by the total number of days in such period. For purposes of clauses (ii), (iii) and (iv), with respect to a Multi-Currency Commitment, the applicable RFR shall be the RFR in the Master Currency .