Federal Reserve Bank of New York: Statement on Implementation of Modifications to Secured Overnight Financing Rate
November 26, 2024
November 26, 2024
NEW YORK, Nov. 26 -- The Federal Reserve Bank of New York issued the following statement on Nov. 25, 2024:
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The Federal Reserve Bank of New York (New York Fed), as administrator of the Secured Overnight Financing Rate (SOFR), began publishing SOFR with two modifications to its calculation methodology./1 Both changes involve the treatment of transactions within the centrally-cleared Delivery-versus-Payment (DVP) segment of the repo market, which is the largest of th . . .
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The Federal Reserve Bank of New York (New York Fed), as administrator of the Secured Overnight Financing Rate (SOFR), began publishing SOFR with two modifications to its calculation methodology./1 Both changes involve the treatment of transactions within the centrally-cleared Delivery-versus-Payment (DVP) segment of the repo market, which is the largest of th . . .