SOFR term rate: Difference between revisions
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imported>Doug Williamson (Create page - source - ACT blog - https://www.treasurers.org/hub/blog/status-update-libor-transition?_cldee=ZG91Z0Bkb3Vnd2lsbGlhbXNvbi5jb20%3D&recipientid=contact-61e01a18fd04e61180d1000d3ab15408-b5d2ee07c94f46e682d3d363e416efa6&utm_source=ClickDimensions) |
imported>Doug Williamson (Add alternative name.) |
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:''Status Update – LIBOR transition - Sarah Boyce - Association of Corporate Treasurers - 07 September 2021'' | :''Status Update – LIBOR transition - Sarah Boyce - Association of Corporate Treasurers - 07 September 2021'' | ||
Sometimes known as ''Term SOFR''. | |||
== See also == | == See also == | ||
* [[Bank of England Base Rate]] | * [[Bank of England Base Rate]] | ||
* [[Benchmark]] | * [[Benchmark]] | ||
* [[BSBY]] | * [[BSBY]] | ||
* [[ | * [[New York Fed]] | ||
* [[Risk-free rates]] (RFR) | * [[Risk-free rates]] (RFR) | ||
* [[SOFR]] | |||
* [[SONIA]] | * [[SONIA]] | ||
* [[Term]] | * [[Term]] | ||
| Line 26: | Line 28: | ||
* [[Term rate]] | * [[Term rate]] | ||
* [[Term SONIA reference rate]] | * [[Term SONIA reference rate]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 11:54, 3 November 2022
Interest rates - reference rates - forward-looking benchmarks - USD - SOFR.
Term SOFR refers to a forward-looking benchmark interest rate, based on the USD Secured Overnight Financing Rate (SOFR), as published by the New York Fed.
- SOFR term rate widely welcomed
- "USD Markets have been busy over the Summer, and it’s beginning to feel as it the direction of travel [in USD LIBOR transition] is more aligned.
- In particular, the recommendation of a SOFR Term rate has been widely welcomed and should reduce the demand from some parts of the market for credit sensitive rates (such as BSBY) as an alternative to LIBOR."
- Status Update – LIBOR transition - Sarah Boyce - Association of Corporate Treasurers - 07 September 2021
Sometimes known as Term SOFR.
