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Stock impact report

ICE Benchmark Administration Launches ICE Risk Free Rate Indexes for U.S. Dollar, Euro and Japanese Yen

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: Business Wire
Follows launch of ICE SONIA Indexes in April 2021 LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited (“IBA”) has launched ICE Risk Free Rate (RFR) Indexes in U.S. Dollar (SOFR), Euro (€STR) and Japanese Yen (TONA), following the launch of ICE SONIA Indexes for GBP Sterling in April 2021.ICE RFR Indexes have been developed to support the needs of the lending market as it transitions to RFRs by standardizing the calculation of interest for financial contracts and providing pre-calculated compound interest values for each business day. The Indexes are designed to provide parties with a simple method to calculate compound interest between two dates and agree on their associated interest accruals. As described in the whitepaper published today, all ICE RFR Indexes use the same underlying calculation methodology.“The EBRD is very pleased to Show less Read more
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