Tag : SOFR

CBiBank Successfully Implements TERM SOFR's New Benchmark Interest Rate for USD Loans
Finance News

CBiBank Successfully Implements TERM SOFR’s New Benchmark Interest Rate for USD Loans

Fintech News Desk
by Fintech News Desk0
Alternative Reference Rates Committee (ARRC), a financial industry group convened by the Federal Reserve and the New York Fed, recommended the use of the Secured Overnight Funding Rate (SOFR) instead of U.S. dollar LIBOR, and SOFR-based financial products began trading in financial markets in the second half of 2018. Since......
Automated Financial Systems, Inc. Supports All SOFR Rate Methods!
Fintech News

Automated Financial Systems, Inc. Supports All SOFR Rate Methods!

Fintech News Desk
by Fintech News Desk0
Today, Automated Financial Systems, Inc. (AFS®) announced the completion of full support for the new SOFR compounding in arrears rate methods. Read More: ICON Foundation Announces ICON 2.0, a New Blockchain Architecture Built for Cross-Chain Interoperability and DeFi Applications Since the U.S. Alternative Reference Rates Committee (ARRC) announced their preference to replace......
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