What benchmark rates are available?
We provide SOFR (US Dollar), SONIA (British Pound), ESTR (Euro), TONA (Japanese Yen), and SARON (Swiss Franc). These are the primary risk-free rates that replaced LIBOR.
Why did LIBOR get replaced?
LIBOR was discontinued due to manipulation scandals and declining transaction volumes. The new rates are based on actual overnight transactions, making them more reliable and resistant to manipulation.
How often are the rates updated?
Rates are updated daily after publication by their respective administrators. SOFR is published by the NY Fed around 8:00 AM ET, and other rates follow their regional schedules.
What is SOFR used for?
SOFR (Secured Overnight Financing Rate) is used for pricing USD-denominated loans, derivatives, and other financial products. It is based on overnight Treasury repo transactions.
Are these rates suitable for loan calculations?
Yes, these benchmark rates are widely used for floating-rate loan pricing. Add your credit spread to the benchmark rate for total interest rate calculations.
Do you provide term rates (30-day, 90-day)?
Currently we provide overnight rates. Term SOFR and other forward-looking term rates may be added based on demand. Contact us for enterprise term rate access.
