Duration: 4:35
Level: Beginner

In November 2014, the U.S. Federal Reserve convened the Alternative Reference Rate Committee (ARRC.) The ARRC’s objective was to identify a set of alternative reference interest rates firmly based on transactions from a robust underlying market that comply with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks and to identify an adoption plan to facilitate the acceptance and use of the chosen rate.

Contributed By: CME Group

Study Notes:

Original study notes from CME Group Education


2 thoughts on “What is SOFR?”

  1. The last two lessons in the bonds section are too esoteric to be understood and the lesson on us bonds is missing.

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