Secured Overnight Financing Rate SOFR Guide

In the U.S., regulators urged financial institutions to stop basing rates for new loans on Libor starting in 2022. Outside the U.S., similar transitions happened to other benchmarks, such as the Tokyo Overnight Average Rate (TONA) in Japan and the Sterling Overnight Index Average (SONIA) in the U.K. For decades, the London interbank offered rate […]