About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ICE Benchmark Administration Adds ICE Risk Free Rate Indexes for US Dollar, Euro and Japanese Yen

Subscribe to our newsletter

ICE Benchmark Administration has introduced ICE Risk Free Rate (RFR) Indexes in US Dollar (SOFR), Euro (€STR) and Japanese Yen (TONA). The indexes will be used to replace LIBOR rates and include ICE SONIA Indexes for GBP Sterling that the company released in April 2021.

“Expanding the ICE Indexes to cover GBP, USD, EUR and JPY RFRs provides lenders and borrowers around the world with an expanded set of resources to assist their transition [from LIBOR] to RFR-based lending,” says Tim Bowler, president of ICE Benchmark Administration. “By engaging with the market, we are working to ensure that the lending and borrowing community has the economic and operational tools it needs to transition to RFRs in financial contracts across currencies.”

ICE RFR Indexes are published daily and designed to provide parties with a simple method to calculate compound interest between two dates and agree on associated interest accruals. They use the same underlying calculation methodology to standardise the calculation of interest for financial contracts and provide pre-calculated compound interest values for each business day.

The Indexes include the option for a lookback where parties can agree to use a time-shifted view of the underlying RFR. Lookbacks help lenders and borrowers manage cash flows and address operational issues associated with determining the total interest due on a loan before the end of the accrual period.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: ESG data sourcing and management to meet your ESG strategy, objectives and timeline

Date: 11 June 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes ESG data plays a key role in research, fund product development, fund selection, asset selection, performance tracking, and client and regulatory reporting, yet it is not always easy to source and manage in a complete, transparent and timely manner....

BLOG

GoldenSource Releases Market Risk Factor Data Standard, Eases FRTB Compliance

GoldenSource, a provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions, has created a market risk factor data standard. Called Curve Master Definitions, the standard seeks to provide investment banks with a single risk factor taxonomy for market rates required to price OTC derivatives, including the storage and aggregation of industry standard...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...