Secured Overnight Financed Rate. It is a benchmark interest rate for pricing financial products, such as derivatives, loans, and mortgages. It reflects the cost of borrowing for financial institutions. SOFR was introduced as an alternative to LIBOR.
Secured Overnight Financed Rate. It is a benchmark interest rate for pricing financial products, such as derivatives, loans, and mortgages. It reflects the cost of borrowing for financial institutions. SOFR was introduced as an alternative to LIBOR.
