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IBA launches ICE Term SOFR Reference Rates benchmark

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Published on: 16 March 2022
Published by LNB News

LNB News 16/03/2022

Document Information

Issue Date: 16 March 2022

Published Date: 16 March 2022

Jurisdiction(s): United Kingdom

Article summary

Intercontinental Exchange, Inc. (ICE) has announced that ICE Benchmark Administration Limited (IBA) has launched ICE Term SOFR Reference Rates as a benchmark for use in financial instruments by licensees. The rates are designed to measure expected (ie forward-looking) SOFR rates over one, three, six and 12-month tenor periods. They are based on a waterfall methodology, which uses eligible input data for specified SOFR-linked interest rate derivative products.

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Jurisdiction(s):
United Kingdom

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