SOFR

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SOFR is the benchmark risk-free USD rate that superseded USD LIBOR.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

• Working Group of Sterling Risk-Free Reference Rates - latest announcements & publications

• A Practical Guide to LIBOR transition - Slaughter & May - Association of Corporate Treasurers

• SONIA and other benchmarks

• ARRC: Second Report