LIBOR transition hub

With LIBOR coming to an end, many jurisdictions have established their own alternative interest rate benchmarks for their respective currencies.

In the UK, the Sterling Overnight Index Average (SONIA) will likely be the preferred new Risk Free Rate (RFR) for the Pound Sterling (£) markets, whereas in the US the Secured Overnight Financing Rate (SOFR) looks to be the preferred replacement benchmark rate for US Dollar ($) markets. This hub highlights several milestones leading up to the LIBOR transition as we know them now.