As a new era for reference rates dawns, the industry is making the shift to alternatives, with implications across the finance landscape. At ICE, we can help you manage the shift to alternative reference rates, with real-time derivatives data, valuations and analytics, futures contracts on all major alternative rates and ICE Benchmark Administration's preliminary Term Rates for SONIA.
The market is entering a critical phase of transition. As firms accelerate implementation plans, we examine recent developments, as well as the practical implications of LIBOR fallbacks with ISDA’s Ann Battle, Head of Benchmark Reform.
Find out more about the proposed treatment of ICE Futures Europe LIBOR referencing listed futures and options positions at year-end 2021.
As European participants assess the consequence of benchmark reform for their portfolios and balance sheets, any new contracts will need close assessment. Germany is poised to play an increasingly vital role in European financial markets after Brexit
In Asia-Pacific and around the world, financial institutions are grappling with the transition to new reference rates. The referencing of IBORs in many financial contracts means that managing transition risk is crucial.
The IBOR transition is under way and ICE is helping the market to navigate corresponding risk. Listen to an overview of solutions from ICE to help you transition to new benchmarks.
The U.S. Dollar ICE Bank Yield Index will be a forward-looking, credit-sensitive benchmark, developed specifically as a potential replacement for LIBOR for U.S. dollar lending activity — get an update on the evolution of the proposed Index methodology, and daily testing results.
Steve Hamilton, Global Head of Financial Derivatives at ICE, joins The TRADE to discuss the challenges and solutions for asset managers.
Answers to questions about ICE’s LIBOR Transition Plan for its listed Futures and Options products
SONIA futures are cash settled STIR futures, based on the average Sterling Overnight Index Average (SONIA). SONIA reflects bank and building societies’ overnight funding rates in the sterling unsecured market. The Secured Overnight Financing Rate (SOFR) is a broad measure of the overnight cost of borrowing cash collateralized by Treasury securities.
A comprehensive overview of the IBA solutions designed to help stakeholders prepare for transition to new U.S. Dollar interest rate benchmarks.
Navigate the transition with streaming data on ARR curves including discount factors, forward rates and liquidity metrics. Valuations for interest rate derivatives instruments using ARRs, as well as a solution to view swaps portfolio risks split into IBOR and ARR risk buckets for hedging efficiencies.
ICE Term SONIA Reference Rates are designed to measure expected SONIA rates over one, three, six and twelve month tenor periods, based on a Waterfall Methodology using eligible prices and volumes for specified SONIA-linked interest rate derivative products.
Designed to be a comprehensive RFR data source for market participants, the RFR Portal includes the ICE RFR Calculator, published and realised average RFR data for SOFR, SONIA, TONA and €STR, and the ICE Term SONIA Reference Rates.