CME Term SOFR is now a primary reference in business loan activities, equating to a total notional value of more than $3.7 trillion.
Recent records:
- 8,500+ CME Term SOFR licenses issued
- 2,400+ firms license CME Term SOFR
- $1.04T in OTC derivative hedges
CME Term SOFR is already being used in loans, syndications, securitizations, and OTC derivative hedges. The importance of CME Term SOFR is set to increase as the 1-month, 3-month, 6-month, and 12-month maturities of USD LIBOR will cease publication on June 30.
Refinitiv Deals Screener Data as of April 20, 2023
Read original article: https://cattlemensharrison.com/data-services-newsletter/
By: CME Group