ICE Benchmark Administration (IBA) has published a report updating on progress and inviting feedback on its development of new benchmark alternatives for IBORs currently used in financial contracts. The benchmarks are based on the following principles: It also sets out future goals for the ICE Term RFR Portal where the data, including averages for different tenors, will be published, such as publishing rates derived from swaps contracts and other currency-denominated RFRs.
ICE Benchmark Administration (IBA) has published a report updating on progress and inviting feedback on its development of new benchmark alternatives for IBORs currently used in financial contracts. The report details methodologies IBA has constructed, which use futures contract data to derive forward-looking term rates for SONIA. It also sets out future goals for the ICE Term RFR Portal where the data, including averages for different tenors, will be published, such as publishing rates derived from swaps contracts and other currency-denominated RFRs.