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

A-Team Insight Briefs

IBA Continues Move Away from LIBOR benchmarks with SOFR Spread-Adjusted ICE Swap Rate

Subscribe to our newsletter

Intercontinental Exchange (ICE) continues the move away from LIBOR benchmarks with its subsidiary ICE Benchmark Administration (IBA) planning to launch a US dollar (USD) SOFR Spread-Adjusted ICE Swap Rate for use as a benchmark in financial contracts and financial instruments by licensees on 3 July 2023.

IBA has been publishing USD SOFR Spread-Adjusted ICE Swap Rate settings on an indicative, beta basis for an initial testing period since October 2021. Assuming continued satisfactory testing and feedback, IBA expects to publish the rate settings as a benchmark for use by licensees on and subject to the terms of current USD ICE Swap Rate licensing agreements.

IBA will cease publication of all USD LIBOR ICE Swap Rate benchmark runs including USD LIBOR 1100, USD LIBOR Spreads 1100 and USD LIBOR 1500 for all tenors immediately after publication on 30 June 2023.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to data management for regulatory reporting

Effective regulatory reporting requires firms to manage vast amounts of data across multiple systems, regions, and regulatory jurisdictions. With increasing scrutiny from regulators and the rising complexity of financial instruments, the need for a streamlined and strategic approach to data management has never been greater. Financial institutions must ensure accuracy, consistency, and timeliness in their...

BLOG

PE Deal Failures Highlight Importance of Private Data, Says JMAN Group

The critical importance of data to the private equity and alternatives markets sector is starkly underlined by an observation from Anush Newman, chief executive and co-founder of JMAN Group. “In the past 18 months, I know of at least 20 acquisition deals that have fallen through because the target companies didn’t have enough data to...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...