As you may know, SOFR officially replaced LIBOR on December 31, 2021. So, what does that mean for you and your existing clients and contracts? theFinancials.com is here to help.
The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities.
Key Challenges
- Development of a forward-looking SOFR rate requires deep liquidity, leading many participants to use compound or average SOFR rates until such liquidity is achieved.
- Using SOFR swaps to hedge future index rate movements.
- Industry conventions are still developing.
- Automating the conversion of existing contracts.
How theFinancials.com Can Help
theFinancials.com has been delivering a variety financial data for more than 25 years and we have recently added SOFR Term and SOFR Swap Rates to our catalog. This means we can include these new rates seamlessly into raw Data Feeds and APIs (XML, JSON, CSV) and custom plug-and-play Widgets. All Data Feeds and Widgets are customized to your specifications.
Pricing
Data feeds start at $50/mo for up to 10 rates updated one-per-day. Additional daily updates are $10/mo each and feeds that update every 30 minutes are $145/mo plus $145 setup and updates every 15-20 minutes is $195/mo plus $195 setup
Widgets start at $15/mo for up to 10 rates updated once per day. Additional daily updates are $5/mo each and widgets that update every 30 minutes are $85/mo plus $85 setup and updates every 15-20 minutes is $145/mo plus $145 setup.
theFinancials.com is offering the following SOFR Term and SOFR Swap Rates:
For Widgets: Any One rate: $10/mo, any Two for $15/mo, Three for $20/mo or the Whole Series for $40/mo.
For Data Feeds: Any One rate: $20/mo, any Two for $30/mo, Three for $40/mo or the Whole Series for $80/mo.
- SOFR Term – 1-Month
- SOFR Term – 3-Month
- SOFR Term – 6-Month
- SOFR Term – 1-Year
- SOFR Swap – 1-Year
- SOFR Swap – 2-Year
- SOFR Swap – 3-Year
- SOFR Swap – 5-Year
- SOFR Swap – 7-Year
- SOFR Swap – 10-Year
- SOFR Swap – 15-Year
- SOFR Swap – 30-Year
The following SOFR rates are available at no additional charge.
- Overnight SOFR
- SOFR Average – 1-Month
- SOFR Average – 3-Month
- SOFR Average – 6-Month
SOFR is calculated by taking a volume-weighted median of transaction-level tri-party repo data obtained from the Bank of New York Mellon, GCF Repo transaction data, and data on bilateral Treasury repo transactions cleared through FICC’s DVP service.
Get Up-to-Date Financial Information on Your Website
A well-built financial widget can help you and your website visitors track changes in necessary rates and other important data. Contact theFinancials.com
Contact us today to speak with an expert about any questions you may have about how widgets and data feeds can help your business engage more users and build brand loyalty.
Kurt Walter, Product Development Director
843-886-3635
KurtSWalter@gmail.com
