Last Updated: 11/25/2024| www.newyorkfed.org
The Federal Reserve Bank of New York (New York Fed) released a consultation on July 18, 2024, requesting public comment on proposed modifications to the Secured Overnight Financing Rate (SOFR) calculation methodology. The proposed modifications include removing transactions between affiliated institutions and adjusting the mechanism applied to mitigate the influence of “specials” transactions within the centrally-cleared Delivery-versus-Payment (DVP, also known as bilateral) segment ...| www.newyorkfed.org
The SEC's clearing rule will bring more repos into the SOFR computation. OFR researchers show that SOFR is not disturbed by the inclusion of new repos.| www.financialresearch.gov