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Stock impact report

ICE Benchmark Administration to Launch USD SOFR ICE Swap Rate® Swap Spreads and EUR €STR ICE Swap Rates® as Benchmarks [Yahoo! Finance]

Intercontinental Exchange Inc. (ICE) 
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
Company Research Source: Yahoo! Finance
that ICE Benchmark Administration Limited (IBA) intends to launch USD SOFR ICE Swap Rate® Swap Spreads and EUR €STR ICE Swap Rates® for use as benchmarks in financial contracts and financial instruments by licensees on July 1, 2024. The launch follows the successful publication by IBA of indicative, ‘Beta' versions of the USD SOFR ICE Swap Rate Swap Spreads and EUR €STR ICE Swap Rates settings for an initial testing period since May 3, 2024. "Following successful testing, we are pleased to announce a further expansion of IBA's suite of ICE Swap Rate benchmarks to include SOFR swap spreads and €STR swap rates," said Clive de Ruig, President of IBA. "IBA continues to innovate and develop its regulated benchmark offering to ensure that we can provide reliable and relevant benchmark data to our customers." The 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 . The publicati Show less Read more
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