Intercontinental Exchange, Inc. (NYSE: Ice) today announced the transition of the American interbank price offered, now Ice Ameribor, to ICE, LLC data indicators.
Ameribor is a sensitive reference point that monitors the cost of borrowing small, medium and regional banks in the United States. It was calculated as the volume weighted interest rate of fully funded non -evening loan loans for the AFX market, provides a transparent and market -based credit conditions.
It is used by more than 1,000 US banks and financial institutions, the Ameribor series includes a number of rates such as the main averages and the 30 and 90 -day reference points that reflect both short -term funding conditions and long -term borrowing costs. Ameribor methodology and the daily publication of interest rates are available to the public on the Ice website.
“Ameribor reflects the actual cost of funding for US Community and Regional Banks, which are working closely alongside the rate of SOFR, to help banks compete and thrive in this evolving borrowing environment,” said Varun Pawar, head of product. “We are excited to welcome Ameribor to the trusted family of ice indicators who support more than $ 2 trillion in AUM throughout the active and passive landscape.”
Earlier this year, Ice acquired AFX, the previous Ameribor administrator. With this transition, ICE data indicators will oversee the governance, production and publication of Ameribor. This addition is complemented by Ice Services that already provides many of the same institutions through the Network of Borrowing Technology.
With over 2 trillion assets under the management of markers compared to ice indicators, ICE has a deep specialization that manages and publishes indicators used in all world markets. Its broad offer includes over 7,000 fixed income indicators, shares, coins, goods and mortgages that trust market participants worldwide and are backed by 50 years of history.