CME Group's suite of RFR Benchmarks measure the one-day repo rates for the Euro, Sterling and JBOND markets.
Reliable way to track sovereign repos and calculated based on volume-weighted trades.
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.
A one-day, risk-free rate based on centrally cleared repo trades on either BrokerTec or MTS, RFR Euro is calculated on trades using sovereign bonds issued by many Eurozone countries.
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.
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.
View historical data
How to access
Direct from CME Group
RFR Benchmarks are updated on this website daily in the data tables above.
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)
CME Group Benchmark Administration
JBOND Totan Securities
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