SOFR term rate
From ACT Wiki
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.
LIBOR ended in September 2024.
See also
- Bank of England Base Rate
- Benchmark
- BSBY
- New York Fed
- Risk-free rates (RFR)
- SOFR
- SONIA
- Term
- Term fixing
- Term rate
- Term SONIA reference rate
