Markets and Economy
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 answers some of the most commonly asked questions on the new reference rate replacing the historic benchmark.
