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Mentioning what SOFR is would be incredibly useful. Gemini: The Secured Overnight Financing Rate (SOFR) is a broad measure and benchmark interest rate for U.S.
by teiferer 2mo ago
Mentioning what SOFR is would be incredibly useful.
Gemini: The Secured Overnight Financing Rate (SOFR) is a broad measure and benchmark interest rate for U.S. dollar-denominated loans and derivatives, reflecting the cost of borrowing cash overnight backed by Treasury securities.
- ihumanable 2mo agoThe first sentence of the first section entitled "The Rate" reads as follows > The rate tracks SOFR (the Secured Overnight Financing Rate), the benchmark overnight interest rate published every business day by the Federal Reserve Bank of New York. See https://docs.carolinacloud.io/organizations/prepaid-interest/#the-rate https://docs.carolinacloud.io/organizations/prepaid-interest...
- teiferer 2mo ago> The first sentence of the first section entitled "The Rate" reads as follows That's nice. Though I won't read that far if I have no idea what this is going to be about. 1 paragraph is how much you get my attention for and if that's not enough then my attention goes elsewhere.
- mhh__ 2mo agoWhen LIBOR was killed, financial derivatives were forced to reference (compounded) SOFR, it's a trimmed average of all the overnight lending agreements.