“Our introduction of CME SOFR Term Rates responds directly to client demand and builds on continued liquidity growth across the SOFR ecosystem,” said Sean Tully, CME Group Global Head of Financial and OTC Products. “We are supportive of the ARRC’s forward term rate principles and believe ou...
NEW YORK, May 24, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK) today announced that, after June 30, 2023, CME Term SOFR will be the benchmark replacement rate for all outstanding floating rate and fixed-to-floating rate ...
NEW YORK,May 24, 2023/PRNewswire/ -- BNY Mellon (NYSE: BK) today announced that, afterJune 30, 2023, CME Term SOFR will be the benchmark replacement rate for all outstanding floating rate and fixed-to-float...
Bank of America Corporation (“BAC”) (NYSE: BAC), BofA Finance LLC (“BofA Finance”) and certain other BAC-affiliated issuers have issued and outstanding certain floating or fixed-to-floating rate debt securities, preferred stock represented by deposit
The new 12 month Term rate will complement the one month, three month and six month Term SOFR rates already supported by the US exchange CME Group has said it will launch this month a 12 month Term SOFR rate, marking the latest product from the US group as the industry prepares for life...
(NYSE: JPM) (“JPMorgan Chase” or the “Firm”) announced today that, after June 30, 2023, CME Term SOFR will be the replacement reference rate for certain outstanding floating rate and fixed-to-floating rate debt securities, preferred stock and certificates of deposit issued by JPMorgan ...
Today’s announcement builds on the ARRC’s term rate principles and term rate market indicators—which together provide clear guidance that would allow the ARRC to recommend a SOFR-based term rate relatively soon. The ARRC recommended term rate is referenced directly in the ARRC fallback contract...
On July 29, 2021, the Alternative Reference Rates Committee (ARRC) formally recommended CME Group's forward-looking Secured Overnight Financing Rate (SOFR) term rates ("SOFR Term Rates"),1 marking a key step in the transition away from U.S. dollar LIBOR and providing market...
#基准利率#.#SOFR# CME TERM SOFR 涨的很厉害啊,看来美元加息和缩表速度越来越快了。
“Building on the success of previous SOFR First initiatives, we are pleased to work with the marketplace to make it as attractive as possible for all market participants to adopt SOFR options for new, short-term, U.S. dollar interest rate risks best managed using options,” said Sean Tully...