SOFRérték
SOFRérték is a Hungarian term that translates to "SOFR value." SOFR stands for Secured Overnight Financing Rate, a benchmark interest rate in the United States. Therefore, SOFRérték refers to the numerical value or rate of the SOFR on a particular day. This rate is a key reference point for a wide range of financial products, including derivatives, loans, and securities. It is published daily by the Federal Reserve Bank of New York. Understanding SOFRérték is important for market participants who use or are affected by SOFR-based financial instruments. The SOFR is intended to be a more robust and reliable benchmark than its predecessor, LIBOR, due to its basis in actual overnight secured transactions. Changes in SOFRérték reflect shifts in the cost of overnight borrowing for major financial institutions.