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Article 11/09/2018

SOFR Approved as a Hedging Benchmark Rate

Money, Calculator and magnifying glass

A team of federal regulators has been working for several years on a replacement rate for the London Interbank Offered Rate. The Federal Reserve has requested that the overnight index swap rate based on the Secured Overnight Financing Rate (SOFR) be deemed eligible as a benchmark interest rate for hedge accounting. Read on for more information.     

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