ICE Benchmark Administration Launches ‘Beta’ USD SOFR ICE Swap Rate® Swap Spreads and EUR €STR ICE Swap Rates®
03 Mayo 2024 - 7:00AM
Business Wire
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of technology and data, today announced that ICE Benchmark
Administration Limited (IBA) has launched indicative, ‘Beta’
versions of its USD SOFR ICE Swap Rate® Swap Spreads and EUR €STR
ICE Swap Rates®.
The indicative, ‘Beta’ USD SOFR ICE Swap Rate Swap Spreads and
EUR €STR ICE Swap Rates settings are determined using IBA’s
published ICE Swap Rate “Waterfall” calculation methodology and are
available here. The publication tenors, input data specifications
and standard market sizes in respect of the ‘Beta’ settings are
available on IBA’s ICE Swap Rate webpage.
“We are pleased to support the expansion of the ICE Swap Rate®
benchmark to include SOFR swap spreads and €STR swap rates,” said
Clive de Ruig, President of IBA. “As one of the world’s most
experienced administrators of regulated benchmarks, IBA continues
to develop and provide innovative and reliable data solutions
backed by robust governance structures to support our customers and
the global financial markets in which they operate.”
The publication of the ‘Beta’ settings follows a consultation
and feedback process regarding IBA’s proposals to extend the
current suite of ICE Swap Rate benchmark settings.
IBA is publishing the ‘Beta’ settings for an initial testing
period, solely for information purposes in order to enable
recipients to evaluate the settings and provide feedback. Feedback
on the ‘Beta’ settings should be sent to IBA@ice.com. The ‘Beta’
settings are not intended for, and IBA expressly prohibits their
use for, any other purpose, including as a reference, index or
benchmark in financial instruments, financial contracts, or
investment funds.
IBA will announce in due course when USD SOFR ICE Swap Rate Swap
Spreads and EUR €STR ICE Swap Rates settings will be made available
for use by licensees as a benchmark in financial instruments.
About ICE Benchmark Administration
ICE Benchmark Administration is authorized and regulated
by the Financial Conduct Authority for the regulated activity of
administering a benchmark, and is authorized as a benchmark
administrator under the UK Benchmarks Regulation. IBA reserves all
rights in the ICE Swap Rate methodology and the ICE Swap Rate
settings, including the ‘Beta’ USD SOFR ICE Swap Rate Swap Spreads
and EUR €STR ICE Swap Rates. ICE, ICE Swap Rate and ICE Benchmark
Administration are trademarks of IBA and/or its affiliates. IBA is
not affiliated with the New York Fed. The New York Fed does not
sanction, endorse, or recommend any products or services offered by
IBA.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds and operates digital networks that
connect people to opportunity. We provide financial technology and
data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges
– including the New York Stock Exchange – and clearing
houses help people invest, raise capital and manage risk. We
offer some of the world’s largest markets to trade and clear energy
and environmental products. Our fixed income, data services
and execution capabilities provide information, analytics and
platforms that help our customers streamline processes and
capitalize on opportunities. At ICE Mortgage Technology, we
are transforming U.S. housing finance, from initial consumer
engagement through loan production, closing, registration and the
long-term servicing relationship. Together, ICE transforms,
streamlines and automates industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for
certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 – Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2023, as
filed with the SEC on February 8, 2024.
Category: EXCHANGES
ICE- CORP
Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20240503639079/en/
ICE Media Contact: Jess Tatham jess.tatham@ice.com
+44 7377 947136 ICE Investor Contact: Katia Gonzalez
katia.gonzalez@ice.com (678) 981-3882
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