Secured Overnight Financing Rate
E364843
The Secured Overnight Financing Rate (SOFR) is a broad, transaction-based benchmark interest rate that reflects the cost of overnight borrowing collateralized by U.S. Treasury securities in the repurchase agreement (repo) market.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Secured Overnight Financing Rate canonical | 4 |
How this entity was disambiguated
This entity first appeared as the object of triple T3524466 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Secured Overnight Financing Rate Context triple: [SOFR futures, underlyingReferenceRate, Secured Overnight Financing Rate]
-
A.
Guaranteed Rate
Guaranteed Rate is a U.S.-based mortgage lending company known for providing home loans and related financial services nationwide.
-
B.
Regulation Q
Regulation Q was a former Federal Reserve regulation that prohibited banks from paying interest on demand deposits and capped interest rates on other deposit accounts, significantly shaping U.S. banking practices until its repeal.
-
C.
Marginal standing facility rate
The marginal standing facility rate is an overnight borrowing rate at which the Reserve Bank of India lends funds to commercial banks, serving as a tool to manage short-term liquidity and signal the upper bound of the interest rate corridor in its monetary policy framework.
-
D.
Bank Rate
Bank Rate is the United Kingdom’s official policy interest rate set by the Bank of England to influence borrowing costs, inflation, and overall economic activity.
-
E.
Floating Rate Notes
Floating Rate Notes are U.S. Treasury securities that pay interest at a variable rate tied to a benchmark, typically adjusting every few months.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Secured Overnight Financing Rate Target entity description: The Secured Overnight Financing Rate (SOFR) is a broad, transaction-based benchmark interest rate that reflects the cost of overnight borrowing collateralized by U.S. Treasury securities in the repurchase agreement (repo) market.
-
A.
Guaranteed Rate
Guaranteed Rate is a U.S.-based mortgage lending company known for providing home loans and related financial services nationwide.
-
B.
Regulation Q
Regulation Q was a former Federal Reserve regulation that prohibited banks from paying interest on demand deposits and capped interest rates on other deposit accounts, significantly shaping U.S. banking practices until its repeal.
-
C.
Marginal standing facility rate
The marginal standing facility rate is an overnight borrowing rate at which the Reserve Bank of India lends funds to commercial banks, serving as a tool to manage short-term liquidity and signal the upper bound of the interest rate corridor in its monetary policy framework.
-
D.
Bank Rate
Bank Rate is the United Kingdom’s official policy interest rate set by the Bank of England to influence borrowing costs, inflation, and overall economic activity.
-
E.
Floating Rate Notes
Floating Rate Notes are U.S. Treasury securities that pay interest at a variable rate tied to a benchmark, typically adjusting every few months.
- F. None of above. chosen
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
benchmark interest rate
ⓘ
overnight interest rate ⓘ reference rate ⓘ |
| abbreviation | SOFR ⓘ |
| administrator |
Federal Reserve Bank of New York
ⓘ
Federal Reserve Board oversight ⓘ |
| basedOn |
General Collateral Finance repo transactions
ⓘ
bilateral repo transactions cleared through FICC ⓘ tri-party repo transactions ⓘ |
| benchmarkFamily | U.S. dollar risk-free rates ⓘ |
| calculationMethod | transaction-based ⓘ |
| collateralType | U.S. Treasury securities ⓘ |
| compoundedVersions |
SOFR compounded in advance
ⓘ
SOFR compounded in arrears ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| creditRiskComponent | minimal credit risk ⓘ |
| currency |
US dollar
ⓘ
surface form:
United States dollar
|
| dataSource | actual repo market transactions ⓘ |
| distinguishedFrom | unsecured overnight rates such as EFFR ⓘ |
| firstPublicationDate | 2018-04-03 ⓘ |
| governance | subject to ARRC recommendations ⓘ |
| introducedBy | Alternative Reference Rates Committee ⓘ |
| marketSegment | wholesale funding market ⓘ |
| publicationFrequency | business day ⓘ |
| publicationTime | approximately 8:00 a.m. Eastern Time ⓘ |
| quoteType | volume-weighted median rate ⓘ |
| referenceFor |
ISDA fallbacks for many USD derivatives
ⓘ
U.S. agency and corporate floating-rate debt issuance ⓘ |
| reflects | cost of overnight borrowing collateralized by U.S. Treasuries ⓘ |
| regulatoryDriver | global benchmark reform after LIBOR scandals ⓘ |
| regulatoryJurisdiction |
Federal Reserve System
ⓘ
surface form:
U.S. Federal Reserve System
|
| relatedCommittee | Alternative Reference Rates Committee ⓘ |
| replaced |
LIBOR
ⓘ
surface form:
U.S. dollar LIBOR in many contracts
|
| riskProfile | nearly risk-free rate ⓘ |
| securedOrUnsecured | secured ⓘ |
| securedStatus | backed by U.S. Treasury collateral ⓘ |
| sensitivity | influenced by Federal Reserve monetary policy ⓘ |
| sponsor | Federal Reserve Bank of New York ⓘ |
| successorTo |
LIBOR
ⓘ
surface form:
USD LIBOR
|
| tenor | overnight ⓘ |
| termVersions |
CME Term SOFR
ⓘ
surface form:
1-month Term SOFR
CME Term SOFR ⓘ
surface form:
3-month Term SOFR
6-month Term SOFR ⓘ |
| transitionRole | primary U.S. dollar LIBOR replacement rate ⓘ |
| underlyingMarket | U.S. Treasury repurchase agreement market ⓘ |
| uses |
discounting and valuation in financial markets
ⓘ
pricing of business loans ⓘ pricing of consumer loans ⓘ pricing of derivatives ⓘ pricing of floating-rate notes ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Secured Overnight Financing Rate Description of subject: The Secured Overnight Financing Rate (SOFR) is a broad, transaction-based benchmark interest rate that reflects the cost of overnight borrowing collateralized by U.S. Treasury securities in the repurchase agreement (repo) market.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.