SOFR
SOFR stands for Secured Overnight Financing Rates . SOFR is a broad measure of the cost of borrowing overnight collateralized by U.S. Treasury securities. It is based on observable transactions in the repurchase market. The Alternative Reference Rate Committee ( ARRC ), an industry-led group in which the SEC and other departments and agencies of the U.S. government participate, recommended SOFR as the LIBOR replacement rate.
Concept at a glance
Definition and explanation
SOFR stands for Secured Overnight Financing Rates . SOFR is a broad measure of the cost of borrowing overnight collateralized by U.S. Treasury securities. It is based on observable transactions in the repurchase market. The Alternative Reference Rate Committee ( ARRC ), an industry-led group in which the SEC and other departments and agencies of the U.S. government participate, recommended SOFR as the LIBOR replacement rate. [1]
Source-supported connections
Frequently asked questions
What does SOFR mean in the cited reference?
SOFR stands for Secured Overnight Financing Rates . SOFR is a broad measure of the cost of borrowing overnight collateralized by U.S. Treasury securities. It is based on observable transactions in the repurchase market. The Alternative Reference Rate Committee ( ARRC ), an industry-led group in which the SEC and other departments and agencies of the U.S. government participate, recommended SOFR as the LIBOR replacement rate. [1]
SOFR connection map
Select a node to inspect the relationship and source.
Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.
Sources and review dates
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.