Refinitiv USD IBOR Consumer Cash Fallbacks Summary
Refinitiv USD IBOR Consumer Cash Fallbacks Summary
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- An individual user who is viewing Refinitiv USD IBOR Cash Fallbacks for my own personal non-commercial use; or,
- I have a valid Refinitiv USD IBOR Cash Fallbacks license with Refinitiv and that my use of the Refinitiv USD IBOR Cash Fallbacks data is consistent with the terms of my agreement
I understand that without a valid license from Refinitiv I am not permitted to use Refinitiv USD IBOR Cash Fallbacks for any Commercial Purpose whatsoever.
|26 Sep 2023||5.40556||5.67257||5.84957||6.11950|
|25 Sep 2023||5.40448||5.67820||5.85541||6.12645|
|22 Sep 2023||5.40424||5.68716||5.86521||6.14461|
|21 Sep 2023||5.40636||5.68753||5.85838||6.12474|
|20 Sep 2023||5.40999||5.68366||5.85445||6.11744|
The rates shown in the table above are all-in versions that are based upon CME Term SOFR and are not subject to a floor. Rates published on the Refinitiv consumer website are subject to a one business day delay.
Consumers may use this page to check the spread-adjusted, SOFR-based replacement index, if it is being used by their lender for existing LIBOR-based loans converting to SOFR.
Some loans, including some adjustable-rate mortgages, reverse mortgages, student loans, HELOCs, and credit cards, have interest rates that adjust based on the value of widely used indexes. One of the indexes is LIBOR. ICE LIBOR and LIBOR are registered trademarks of ICE Benchmark Administration Limited (IBA), and are used by Refinitiv with permission under licence by IBA. On June 30, 2023, LIBOR was replaced with a different index, in many cases, based on SOFR (Secured Overnight Financing Rate). Your lender will have given you information about changes to your interest rate, including the transition away from LIBOR.
If your lender replaced LIBOR with the Refinitiv USD IBOR Consumer Cash Fallbacks then you can use the table above, along with the original loan document and the index change notification from your lender explaining your interest rate calculation to verify the new rate your lender has told you they will charge.
Note that the interest rate on a loan with an adjustable rate has two parts: the index and the margin. An index is a measure of interest rates generally that reflects trends in the overall economy, like LIBOR and SOFR. The margin is an extra percentage that the lender adds to the index. Your documents should identify the index and the margin for your loan. The index likely is described by its duration (for example, 12 month LIBOR). The margin might be expressed as a percent (for example, 3.0%) or it might be expressed as basis points (for example, 300 bps).
Use the table above to see the most recent publicly available value of the index. For example, if your index is be based on 12 month SOFR plus 300 basis points, use the table above to find the comparable 12 month SOFR rate in the appropriate column and add 3.0% to that rate to find the new rate your lender would charge if the index had been set as of the date shown above.
For other historical values of this table, please click here.
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USD IBOR Cash Fallbacks.
If you have not signed up to a licensing agreement with Refinitiv for the use of Refinitiv USD IBOR Cash Fallbacks (“Fallback Rates”) you are not permitted to use Fallback Rates for any Commercial Purposes. “Commercial Purposes” includes but is not limited to (i) using Fallback Rates as a reference rate in financial instruments, financial contracts or for valuation and pricing activities, (ii) using Fallback Rates as an input into a benchmark or an index or otherwise, (iii) this website being accessed by or on behalf of the same group of companies at least once per month for 3 consecutive months for the purpose of viewing or downloading Fallback Rates. We may use your personal data in order to determine whether we believe you are using the Fallback Rates for Commercial Purposes and, if we reasonably believe this is the case, we may contact you in order to arrange for a licensing agreement to be put in place.
Refinitiv Limited, its affiliates (“Refinitiv”) and its third party providers (together “Refinitiv and Third Parties”) do not guarantee the quality, accuracy and/or completeness of the Fallback Rates or any data included therein. Refinitiv and Third Parties make no express or implied warranties, representations or guarantees concerning the accuracy or completeness of the Fallback Rates or as to the results to be obtained by you, or any other person or entity from the use of the Fallback Rates or any data included therein. In no event shall Refinitiv and Third Parties have any liability for any loss of profits, special, punitive, indirect, incidental, or consequential damages or loss, relating to any use of the Fallback Rates.
Third party accreditation/disclaimers
USD ICE LIBOR, which is administered and published by ICE Benchmark Administration Limited (IBA), serves as an input for the Fallback Rates. LIBOR®, ICE LIBOR® and ICE Benchmark Administration® are registered trade marks of IBA and/or its affiliates. USD ICE LIBOR, and the registered trade marks LIBOR, ICE LIBOR and ICE Benchmark Administration, are used by Refinitiv with permission under licence by IBA. The Fallback Rates are not sponsored, endorsed or provided by IBA or any of IBA’s affiliates. IBA and its affiliates make no claim, predication, warranty or representation whatsoever, express or implied, as to the results to be obtained from any use of LIBOR® or Fallback Rates, or the appropriateness or suitability of LIBOR® or the Fallback Rates for any particular purpose to which it might be put, including with respect to the Fallback Rates. To the fullest extent permitted by applicable law, all implied terms, conditions and warranties, including, without limitation, as to quality, merchantability, fitness for purpose, title or non-infringement, in relation to LIBOR® and Fallback Rates, are hereby excluded and none of IBA or any of its affiliates will be liable in contract or tort (including negligence), for breach of statutory duty or nuisance, for misrepresentation, or under antitrust laws or otherwise, in respect of any inaccuracies, errors, omissions, delays, failures, cessations or changes (material or otherwise) in LIBOR® or Fallback Rates, or for any damage, expense or other loss (whether direct or indirect) you may suffer arising out of or in connection with LIBOR® or Fallback Rates or any reliance you may place upon it.
CME Group Benchmark Information is used under license as a source of information for certain Refinitiv products. CME Group has no other connection to Refinitiv products and services and does not sponsor, endorse, recommend, or promote any Refinitiv products or services. CME Group has no obligation or liability in connection with the Refinitiv products and services. CME Group does not guarantee the accuracy and/or the completeness of any benchmark information licensed to Refinitiv and shall not have any liability for any errors, omissions, or interruptions therein. There are no third-party beneficiaries of any agreements or arrangements between CME Group and Refinitiv.