Markets and Economy

LIBOR Primer: Setting the Stage for SOFR

Learn what the new SOFR benchmark means for nearly $200 trillion of assets.


Learn what the new SOFR benchmark means for nearly $200 trillion of assets.

A new benchmark reference rate, the Secured Overnight Financing Rate (SOFR), is positioned to transform US dollar-based financial markets, heralding a transition from the London Interbank Offered Rate (LIBOR). As businesses, investors and other stakeholders prepare for what the press dubbed “the world’s most important number” to disappear, J.P. Morgan speaks with experts from its regulatory affairs, sales, trading and research departments on the new reference rate set to replace the historic benchmark.

Markets and Economy Report