sofr - the new industry standard

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what is sofr?

SOFR (Secured Overnight Financing Rates) is a benchmark interest rate for dollar - denominated derivatives and loans that is replacing LIBOR (London Interbank Offered Rate).

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terms are available under sofr  

1-Month Term SOFR
3-Month Term SOFR
6-Month Term SOFR

important transitions dates

September 30,2021 - Term SOFR originations begin
December 31, 2021 - Regulatory deadline for new LIBOR commitments
June 30, 2023 - End of LIBOR publication
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