Jan 19, 2022
For more than 40 years, LIBOR has been the world's most widely used benchmark for setting the interest rates charged on adjustable-rate loans, mortgages, and derivatives. But that reign has ended and beginning this year, LIBOR is no longer being used to issue new loans in the U.S. The LIBOR benchmark has transitioned to transaction-based rates such as Secured Overnight Funding Rate (SOFR), which is based on overnight transactions secured by the US Treasury securities and represents a risk-free interest rate, and the Sterling Overnight Index Average (SONIA).
For customers building mortgage lending, real estate, or loan pricing apps that require real-time and historical interbank and deposit rates for currencies in multiple countries, Xignite offers two APIs that provide Interbank and interest rates data. We recently added SOFR and essential alternative overnight risk-free rates (RFRs) to these APIs, and now have further enhanced our data coverage with the addition of six reference rates. All new rates are available now at no additional cost to customers.
READ RECENT POST: Xignite Enhances Popular Interbank and Rates APIs In Preparation for LIBOR Rates Transition
The recently added reference rates include:
The new alternative overnight risk-free rates (RFRs) include:
Xignite APIs are cloud-native and offer a robust selection of use-case-based endpoints. Customers can access the new rates via these endpoints.
XigniteRates API
If you are interested in learning more about our interbank and rates APIs, please contact sales@xignite.com
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