Redefining credit-sensitive benchmark transparency. Increasing market confidence
SOFR Academy uses IBM Promontory to achieve financial compliance and design-based reliability.
“To ensure the highest levels of market trust and position AXI and FXI for regulatory compliance, SOFR Academy engaged IBM Promontory to assess the benchmark design and transparency. Leveraging IBM Promontory’s deep regulatory expertise, SOFR Academy was able to make enhancements and implement key IOSCO principles, addressing market demand for a credit-sensitive rate that complements SOFR.”– Alex Roever, CFA. Senior Advisor, SOFR Academy
Read the full IBM Promontory case study here.
About SOFR Academy
SOFR Academy is operationalizing first of their kind across-the-curve credit spread indices in major currency jurisdictions around the world. These robustly defined credit spreads work in conjunction with near-risk free rates and were conceived by academics from Stanford Graduate School of Business and the Australian National University. Independent research found that the implementation of US-dollar AXI enhances the efficiency, transparency, and stability of U.S. financial markets. The Firm is a member of the Asia Pacific Loan Market Association (APLMA), American Economic Association (AEA), the Loan Syndications and Trading Association (LSTA), the International Swaps and Derivatives Association (ISDA), the Bankers Association for Finance and Trade (BAFT) which is a wholly owned subsidiary of the American Bankers Association (ABA), the U.S. Chamber of Commerce (USCC) and Bretton Woods Committee (BWC). The firms panel of Advisors includes former US Treasury Secretary Lawrence H. Summers, other distinguished academics and practitioners. For more information, please visit www.SOFR.org.
Disclosures
SOFR Academy supports near risk-free rates such as SOFR, €STR, TONA, TORF, and the Chinese Depository-Institutions Repo Rate (DR). Over time, we also support robustly defined across-the-curve credit spread supplements such as AXI and FXI which can be used in conjunction with risk-free rates. SOFR is published by the Federal Reserve Bank of New York (The New York Fed) and is used subject to The New York Fed Terms of Use for Select Rate Data. The New York Fed has no liability for your use of the data. Neither AXI or FXI are associated with, or endorsed or sponsored by, The New York Fed, or the Federal Reserve System.
Media Contact
SOFR Academy
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Tel: +1 855 236 6106
