Overdraft and SOFR: Difference between pages
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''US interest rate benchmarks''. | |||
SOFR is the Secured Overnight Financing Rate. | |||
This is a broad treasuries repo financing rate, recommended as a benchmark by the Alternative Reverence Rates Committee (ARRC) of the Federal Reserve. | |||
It is published by the New York Fed at approximately 8am local time. | |||
3 April 2018 was the first time SOFR was published. It is calculated based on actual transactions and is a volume-weighted median. | |||
In the first three months of the publication of SOFR the underlying overnight lending transaction volume was on average approximately USD 800 billion. | |||
SOFR is the benchmark risk-free USD rate that superseded USD LIBOR. | |||
==See also== | |||
*[[Alternative Reference Rates Committee]] (ARRC) | |||
*[[Federal Funds Rate]] | |||
*[[Federal Reserve]] | |||
*[[IBOR]] | |||
*[[LIBOR]] | |||
* [[New York Fed]] | |||
*[[Reference rate]] | |||
*[[Risk-free rates]] | |||
*[[Repo]] | |||
*[[SOFR term rate]] | |||
*[[SONIA]] | |||
*[[Treasury]] | |||
* [[USD LIBOR]] | |||
==Other links== | |||
*[https://www.bankofengland.co.uk/markets/transition-to-sterling-risk-free-rates-from-libor/working-group-on-sterling-risk-free-reference-rates Working Group of Sterling Risk-Free Reference Rates - latest announcements & publications] | |||
*[https://www.treasurers.org/hub/technical/practical-guide-libor A Practical Guide to LIBOR transition - Slaughter & May - Association of Corporate Treasurers] | |||
*[https://www.bankofengland.co.uk/markets/sonia-benchmark SONIA and other benchmarks] | |||
*[https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2018/ARRC-Second-report ARRC: Second Report] | |||
Revision as of 17:58, 11 March 2024
US interest rate benchmarks.
SOFR is the Secured Overnight Financing Rate.
This is a broad treasuries repo financing rate, recommended as a benchmark by the Alternative Reverence Rates Committee (ARRC) of the Federal Reserve.
It is published by the New York Fed at approximately 8am local time.
3 April 2018 was the first time SOFR was published. It is calculated based on actual transactions and is a volume-weighted median.
In the first three months of the publication of SOFR the underlying overnight lending transaction volume was on average approximately USD 800 billion.
SOFR is the benchmark risk-free USD rate that superseded USD LIBOR.
See also
- Alternative Reference Rates Committee (ARRC)
- Federal Funds Rate
- Federal Reserve
- IBOR
- LIBOR
- New York Fed
- Reference rate
- Risk-free rates
- Repo
- SOFR term rate
- SONIA
- Treasury
- USD LIBOR
