SOFR term rate: Difference between revisions
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imported>Doug Williamson (Remove surplus links.) |
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''. | |||
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* [[Benchmark]] | * [[Benchmark]] | ||
* [[BSBY]] | * [[BSBY]] | ||
* [[New York Fed]] | |||
* [[Risk-free rates]] (RFR) | * [[Risk-free rates]] (RFR) | ||
* [[SOFR]] | * [[SOFR]] | ||
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.
