SOFR
Interbank overnight interest rate and reference rate
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📌 Topics
- Corporate Finance (1)
- Real Estate (1)
- Leadership Transition (1)
🏷️ Keywords
Toll Brothers (1) · Credit Agreement (1) · Debt Maturity (1) · SOFR (1) · Securities and Exchange Commission (1) · Luxury Homebuilding (1) · Liquidity (1)
📖 Key Information
Secured Overnight Financing Rate (SOFR) is a secured overnight interest rate. SOFR is a reference rate (that is, a rate used by parties in commercial contracts that is outside their direct control) 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.
📰 Related News (1)
🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside SOFR:
- 🏢 United States Securities and Exchange Commission (1 shared articles)
- 🏢 Toll Brothers (1 shared articles)