News
Business update
TraditionData Strengthens Netherlands Footprint Through Partnership with NIBC
By TraditionData
22 Apr 2024
Interest Rate Derivatives
Interest Rate Derivatives & FX Updates: April 2024
By Jessica Kalaria
18 Apr 2024
Market Data
March 2024: Tradition Sets the Standard, Outperforming Competitors in Q1
By Ian Sams
8 Apr 2024
FX & Money Markets
Navigating the FX Landscape: Understanding Trends & Data Available
By Sal Provenzano
3 Apr 2024
Product notification
25 new USD SOFR Butterfly Spreads added to package
13 Feb 2023
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AMERIBOR (American Interbank Offered Rate) is a new alternative reference rate (ARR) for the U.S. dollar interbank lending market. As a benchmark it is designed to replace the current reference rate, the London Interbank Offered Rate (LIBOR), which was phased out at the end of 2021.
AMERIBOR has been published by the American Financial Exchange (AFX) since 2015. Unlike SOFR, AMERIBOR is based on unsecured loans and therefore contains a credit component that is more indicative of true funding costs for a wide variety of financial institutions, typically with assets under $250BN.
AFX represents approximately 25% of all U.S. banks (source = AFX) and has traded more than $1 trillion since inception.
Key features of AMERIBOR include;
TraditionData’s SOFR packages provide the most robust, comprehensive and accurate view of the American Markets.
Insight
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