SOFR
Noun
Meaning
SOFR
(finance) Acronym of Secured Overnight Financing Rate.
Anagrams
Examples
The Bank is currently planning for the eventual replacement of the LIBOR benchmark interest rate, including the probability of the Secured Overnight Financing Rate (SOFR) as the dominant replacement.
On top of that, banks complain that SOFR is missing a “term structure,” that is the ability for investors to look up what the rate will be in the future.