RepoFunds Rates

CME Group's suite of RFR indices measure the benchmark repo rates for the USD, Euro, Sterling and JBOND markets.

Transaction-based transparency

Reliable way to track sovereign repos and calculated based on volume-weighted trades.

Centrally cleared

All eligible repo trades are centrally cleared and electronically executed.

Reflects overall cost of funding

By including general collateral and specific collateral repo trades, reflecting the overall cost of one-day funding achieved by the market.

Give feedback: Overnight Repo-Backed Benchmarks consultation

CME Group Overnight Repo-Backed Benchmarks measure the cost of secured one-day repo funding of sovereign bonds issued by a subset of Eurozone countries, the United Kingdom and Japan. After extensive analysis, the Administrator is proposing a change to the methodology to ensure the benchmark remains representative of its economic interest.

The required consultation period gives market participants an opportunity to comment on the proposed change.

The consultation will be open from December 13, 2021 – January 28, 2022. Please review and provide feedback. Findings and next steps will be published shortly afterward. 


RFR Indices

RFR Euro

A one-day, risk-free rate based on centrally cleared repo trades on either BrokerTec or MTS, RFR Euro is calculated on trades using soveriegn bonds issued by many Eurozone countries.

RFR Sterling

Calculated on the volume-weighted average of repo rates with UK sovereign government bonds as underlying collateral, RFR Sterling reflects the market's overall cost of funding.


RFR JBOND combines the leading electronic trading platform for Japanese Sovereign repos with the strength of CME Group to provide a one-day, risk-free rate.

In accessing this proprietary data from this website, you acknowledge you have read and agree to all CME Data Terms of Use. To discuss licensing options, please contact CME Data Sales.

All RFR rates are included in the CME Overnight Repo Backed Benchmark family. RFR Euro, RFR Sterling and RFR JBOND are registered as a Benchmark under EU BMR. CME Group Benchmark Administration is the benchmark administrator for all RFR rates.


How to access

Bloomberg codes

Menu Page


RFR Euro


RFR Austria


RFR Belgium


RFR Finland


RFR France


RFR Germany


RFR Ireland


RFR Italy


RFR Netherlands


RFR Portugal


RFR Spain


RFR Sterling




Direct from CME Group

RFR Benchmarks are updated on this website daily in the data tables above.

Oversight Committee

The oversight committee will provide independent governance, and challenge to the Administrator on all aspects of the benchmark determination process in accordance with the Oversight Committee Terms of Reference.

John Edwards (Chair)


Vincenzo Albano

CME Benchmark Administration

Oliver Clark


Kiyomi Saito

JBOND Totan Securities

Alex McDonald


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