12 Differences between LIBOR and RFRs (alternative reference/risk free rates: SOFR, SONIA,€STR, …)
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12 Differences between LIBOR and RFRs (alternative reference/risk free rates: SOFR, SONIA,€STR, …)
Outlines the differences between LIBOR and the RFRs, from the most trivial differences such as number of decimal places, to the more subtle ones such as the Term rate in advance vs O/N in arrears, and their implications for the design of financial instruments such as loans, futures, and swaps etc. The RFRs, are known by several names such as ...
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