SOFR
E364315
SOFR (Secured Overnight Financing Rate) is a U.S. dollar interest rate benchmark based on overnight Treasury repurchase agreement transactions, widely adopted as the primary replacement for LIBOR in financial markets.
All labels observed (3)
| Label | Occurrences |
|---|---|
| SOFR canonical | 4 |
| SOFR overnight index swaps | 1 |
| United States Secured Overnight Financing Rate | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T3521863 — 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: SOFR Context triple: [3-month U.S. dollar LIBOR, successorBenchmark, SOFR]
-
A.
SOFR futures
SOFR futures are exchange-traded derivatives that allow market participants to hedge or speculate on future levels of the Secured Overnight Financing Rate, the U.S. dollar risk-free benchmark interest rate.
-
B.
3-month U.S. dollar LIBOR
3-month U.S. dollar LIBOR is a benchmark interest rate indicating the average rate at which major global banks are willing to lend U.S. dollars to one another for a three-month term in the London interbank market.
-
C.
Fed funds futures
Fed funds futures are exchange-traded derivatives that allow market participants to hedge or speculate on the future level of the U.S. federal funds interest rate.
-
D.
Eurodollar futures
Eurodollar futures are interest rate futures contracts based on U.S. dollar deposits held outside the United States, widely used to hedge or speculate on short-term dollar interest rates.
-
E.
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.
- 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: SOFR Target entity description: SOFR (Secured Overnight Financing Rate) is a U.S. dollar interest rate benchmark based on overnight Treasury repurchase agreement transactions, widely adopted as the primary replacement for LIBOR in financial markets.
-
A.
SOFR futures
SOFR futures are exchange-traded derivatives that allow market participants to hedge or speculate on future levels of the Secured Overnight Financing Rate, the U.S. dollar risk-free benchmark interest rate.
-
B.
3-month U.S. dollar LIBOR
3-month U.S. dollar LIBOR is a benchmark interest rate indicating the average rate at which major global banks are willing to lend U.S. dollars to one another for a three-month term in the London interbank market.
-
C.
Fed funds futures
Fed funds futures are exchange-traded derivatives that allow market participants to hedge or speculate on the future level of the U.S. federal funds interest rate.
-
D.
Eurodollar futures
Eurodollar futures are interest rate futures contracts based on U.S. dollar deposits held outside the United States, widely used to hedge or speculate on short-term dollar interest rates.
-
E.
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.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
interest rate benchmark
ⓘ
reference rate ⓘ risk-free rate benchmark ⓘ |
| acronymFor | Secured Overnight Financing Rate ⓘ |
| administeredBy | Federal Reserve Bank of New York ⓘ |
| basedOn |
U.S. Treasury repo market
ⓘ
overnight Treasury repurchase agreement transactions ⓘ |
| calculationMethod | volume-weighted median of transaction-level repo data ⓘ |
| category |
benchmark interest rate
ⓘ
overnight risk-free rate ⓘ |
| collateralType | U.S. Treasury securities ⓘ |
| compoundedVersionsUsedFor | term-adjusted interest calculations ⓘ |
| currency |
U.S. dollar
ⓘ
linked to:
US dollar
|
| dataSource | transaction-level repo data ⓘ |
| denominatedIn | USD ⓘ |
| fullName | Secured Overnight Financing Rate ⓘ |
| governedBy | published methodology of Federal Reserve Bank of New York ⓘ |
| hasDerivedRate |
180-day compounded SOFR
ⓘ
30-day compounded SOFR ⓘ 90-day compounded SOFR ⓘ |
| introducedAs | alternative to LIBOR ⓘ |
| jurisdiction |
United States
ⓘ
linked to:
United States of America
|
| overseenBy |
Federal Reserve Board
ⓘ
linked to:
Federal Reserve Board of Governors
|
| primaryReplacementFor |
USD LIBOR
ⓘ
linked to:
3-month U.S. dollar LIBOR
|
| publicationFrequency | every business day ⓘ |
| publicationTime | on or about 8:00 a.m. Eastern Time ⓘ |
| publishedBy | Federal Reserve Bank of New York ⓘ |
| recommendedBy | Alternative Reference Rates Committee ⓘ |
| referenceMarket |
GCF repo
ⓘ
bilateral Treasury repo cleared by FICC ⓘ tri-party repo ⓘ |
| region |
United States
ⓘ
linked to:
United States of America
|
| replaced |
USD LIBOR in many new contracts
ⓘ
linked to:
LIBOR
|
| riskProfile | nearly risk-free ⓘ |
| securedOrUnsecured | secured ⓘ |
| sponsoredBy | Alternative Reference Rates Committee ⓘ |
| tenor | overnight ⓘ |
| transitionSupportedBy | U.S. financial regulators ⓘ |
| usedAs |
benchmark for bonds
ⓘ
benchmark for derivatives ⓘ benchmark for floating-rate instruments ⓘ benchmark for loans ⓘ benchmark for securitizations ⓘ |
| usedIn |
business loans
ⓘ
floating-rate notes ⓘ futures contracts ⓘ interest rate swaps ⓘ mortgages ⓘ |
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: SOFR Description of subject: SOFR (Secured Overnight Financing Rate) is a U.S. dollar interest rate benchmark based on overnight Treasury repurchase agreement transactions, widely adopted as the primary replacement for LIBOR in financial markets.
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: SOFR
linked to: SOFR