LIBOR Is Dead – Long Live SOFR?

Money, Calculator and magnifying glass

It is expected that a number of banks currently reporting information used to set the London Interbank Offered Rate (LIBOR)—the world’s primary benchmark for short-term interest rates—will stop doing so after 2021. The Alternative Reference Rates Committee has identified the Secured Overnight Financing Rate (SOFR) as its preferred alternative rate for U.S. dollar LIBOR. Read on for more information about SOFR as a recommended replacement for LIBOR.


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