CME Term SOFR
E364316
CME Term SOFR is a forward-looking, term-based interest rate benchmark derived from the Secured Overnight Financing Rate (SOFR), widely used in U.S. dollar lending and derivatives markets as a replacement for LIBOR.
All labels observed (4)
| Label | Occurrences |
|---|---|
| 1-month Term SOFR | 1 |
| 3-month Term SOFR | 1 |
| CME Term SOFR canonical | 1 |
| Chicago Mercantile Exchange Term SOFR | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T3521864 — 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: CME Term SOFR Context triple: [3-month U.S. dollar LIBOR, successorBenchmark, CME Term 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.
CME CF Ether-Dollar Reference Rate
The CME CF Ether-Dollar Reference Rate is a benchmark index that provides a once-a-day U.S. dollar price for Ether based on trading activity across major cryptocurrency exchanges.
-
C.
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.
-
D.
CME FX futures
CME FX futures are standardized foreign exchange derivative contracts traded on the Chicago Mercantile Exchange that allow participants to hedge or speculate on currency price movements.
-
E.
CME
CME is a major U.S.-based financial and commodity derivatives exchange known for trading futures and options on interest rates, equity indexes, foreign exchange, energy, and agricultural products.
- 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: CME Term SOFR Target entity description: CME Term SOFR is a forward-looking, term-based interest rate benchmark derived from the Secured Overnight Financing Rate (SOFR), widely used in U.S. dollar lending and derivatives markets as a replacement for LIBOR.
-
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.
CME CF Ether-Dollar Reference Rate
The CME CF Ether-Dollar Reference Rate is a benchmark index that provides a once-a-day U.S. dollar price for Ether based on trading activity across major cryptocurrency exchanges.
-
C.
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.
-
D.
CME FX futures
CME FX futures are standardized foreign exchange derivative contracts traded on the Chicago Mercantile Exchange that allow participants to hedge or speculate on currency price movements.
-
E.
CME
CME is a major U.S.-based financial and commodity derivatives exchange known for trading futures and options on interest rates, equity indexes, foreign exchange, energy, and agricultural products.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
SOFR-based benchmark
ⓘ
interest rate benchmark ⓘ term rate ⓘ |
| abbreviation |
Chicago Mercantile Exchange Term SOFR
ⓘ
linked to:
CME Term SOFR
|
| administeredBy | CME Group ⓘ |
| basedOn | Secured Overnight Financing Rate ⓘ |
| benchmarkFamily | SOFR benchmarks ⓘ |
| benchmarkType | nearly risk-free rate derivative ⓘ |
| calculationMethod |
derived from SOFR futures prices
ⓘ
forward-looking term structure ⓘ |
| currency |
U.S. dollar
ⓘ
linked to:
US dollar
|
| dataSource |
CME SOFR futures order book
ⓘ
CME SOFR futures transaction data ⓘ |
| denominatedIn | percent per annum ⓘ |
| developedFor |
cash market products
ⓘ
loan markets ⓘ |
| jurisdiction |
United States
ⓘ
linked to:
United States of America
|
| marketRole |
LIBOR alternative
ⓘ
reference rate for contracts transitioning from LIBOR ⓘ |
| publicationFrequency | daily ⓘ |
| publisher | CME Group ⓘ |
| rateType |
forward-looking
ⓘ
term-based ⓘ |
| referenceCurrency |
USD
ⓘ
linked to:
US dollar
|
| referenceRate | SOFR ⓘ |
| regulatoryContext | LIBOR transition ⓘ |
| relatedTo |
SOFR compounded in arrears
ⓘ
SOFR overnight index swaps ⓘ
linked to:
SOFR
|
| replaces |
U.S. dollar LIBOR
ⓘ
linked to:
LIBOR
|
| riskProfile | nearly risk-free ⓘ |
| securedOrUnsecured | secured (via underlying SOFR) ⓘ |
| tenor |
1-month
ⓘ
12-month ⓘ 3-month ⓘ 6-month ⓘ |
| timeHorizon | term structure up to 12 months ⓘ |
| underlyingInstrument | SOFR futures ⓘ |
| underlyingMarket | U.S. Treasury repurchase agreement market ⓘ |
| unit | annualized interest rate ⓘ |
| usedFor |
business loans
ⓘ
derivatives pricing ⓘ floating rate notes ⓘ hedging interest rate risk ⓘ loan pricing ⓘ syndicated loans ⓘ trade finance ⓘ |
| usedIn |
U.S. dollar lending markets
ⓘ
derivatives markets ⓘ |
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: CME Term SOFR Description of subject: CME Term SOFR is a forward-looking, term-based interest rate benchmark derived from the Secured Overnight Financing Rate (SOFR), widely used in U.S. dollar lending and derivatives markets as a replacement for LIBOR.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: CME Term SOFR
linked to: CME Term SOFR
linked to: CME Term SOFR