SOFR
id:
sofr-296-9970102
title:
SOFR
text:
Secured Overnight Financing Rate (SOFR) is a secured overnight interest rate. SOFR is a reference rate established as an alternative to LIBOR. LIBOR had been published in a number of currencies and underpins financial contracts all over the world. Deeming it prone to manipulation, UK regulators decided to discontinue LIBOR in 2021. In 2022, the LIBOR Act passed by the U.S. Congress established SOFR as a default replacement rate for LIBOR contracts that lack mechanisms to deal with LIBOR's cessat
brand slug:
wiki
category slug:
encyclopedia
description:
Interbank overnight interest rate and reference rate
original url:
https://en.wikipedia.org/wiki/SOFR
date created:
date modified:
2023-12-07T18:09:51Z
main entity:
{"identifier":"Q59529761","url":"https://www.wikidata.org/entity/Q59529761"}
image:
fields total:
13
integrity:
14