Why are we at Prodigy Finance using SOFR (Secured Overnight Financing Rate) for our loan disbursements?
SOFR Rate Chart: 2021 to 2022 One-Year Time Range LIBOR to SOFR Transition: Why is LIBOR Being Replaced? 2023 SOFR Data Chart: What is SOFR Rate Today? Secured Overnight Financing Rate: How Does SOFR Work? SOFR stands for the “Secured Overnight Financing Rate” and represents the borrowin...
Changes are coming for the interest rate benchmark lenders use to finance long term care facilities. The long-standard benchmark, the London Interbank Offered Rate (LIBOR), is being replaced by the Secured Overnight Financing Rate (SOFR) for many lenders. Understanding how SOFR is different ...
Eris SOFR Swap Futures replicate the cash flows of vanilla OTC SOFR overnight index swaps, including annual fixed payments at a pre-determined rate, and annual floating payments based on daily compounded SOFR. Unlike traditional futures, end users can hold Eris SOFR contracts until final maturity ...
interestratefuturesinanarrowwindowaroundeachannouncement.Morespecifically,the GSSandNSseriesspanroughlythefirstyearoftheinterest-ratetermstructureviaalinear combinationoffederalfundsfuturesandEurodollarfutures.Themarketforfederalfunds futuresisliquidenoughtomeasureexpectationsofratesroughlythreemonthsinthefuture. ...
CME Group interest rate swap futuresView Live Markets on CME GlobexCME PM Unlocks Swap Dealer Liquidity Launched in February 2023, CME Portfolio Margining (PM) dramatically increases the margin efficiency of trading Eris SOFR Swap Futures alongside CME Cleared Swaps. The result is a game-changing ...
Using proposed forward-looking term SOFR (this concept is explained further below) or using overnight SOFR "in arrear" combined with a lookback period (typically 5 business days but may be longer) can enable the interest rate on a loan to be known in advance of the interest payment date....
Some of my dedicated readers might remember my love for her Spice: Flavors of the Eastern Mediterranean; at any rate, Soframiz made it onto my wish list the before it was even released. So I was extra excited to realize that the review copies were being handled by Lisa Ekus, who has ...
View Term SOFR and Treasury forward curve charts or download the data in Excel to estimate the forecasting or underwriting of monthly floating rate debt.
The Secured Overnight Lending Rate (SOFR) is the benchmark for interest rates on dollar-denominated loans and derivatives. It replaced the London Intrabank Offered Rate in 2023, which was the globally accepted rate before SOFR was adopted. SOFR reflects an overnight rate, whereas LIBOR was a ...