SOFR (secured overnight financing rate)

The New York Fed's secured overnight financing benchmark, published on the Markets Datasets hub as a daily rate series from April 2018 onward and subject to specific disclaimers and indemnification language in the NY Fed Terms of Use.

In this catalog it appears concretely: - Federal Reserve Bank of New York Markets Datasets — "Reference rates from inception (SOFR April 2018)". - NY Fed (terms of use) — "reference rates (EFFR, OBFR, TGCR, BGCR, SOFR and SOFR Averages/Index) carry specific disclaimers".

Conventions decide whether two sources can be joined at all. Buy one side of an analysis that ignores this convention and every reconciliation step — calendar alignment, unit conversion, entity matching — lands on your team instead of the vendor's.

The failure mode is concrete: the label appears in a listing, the delivered files tell a different story, and the gap surfaces mid-project when fixing it is most expensive.

You rarely have to take a vendor's word for it. 82.4% of the 1,744 datasets Datadory catalogs are free to access, and Federal Reserve Bank of New York Markets Datasets lets you inspect the real artifact before any budget is committed.

Treat every claim of this attribute as testable:

1. Open Federal Reserve Bank of New York Markets Datasets and confirm its record — "Reference rates from inception (SOFR April 2018)" — against the files you actually receive.
2. Read NY Fed's record on terms of use — "reference rates (EFFR, OBFR, TGCR, BGCR, SOFR and SOFR Averages/Index) carry specific disclaimers" — then confirm the delivered artifact matches before you license anything.

See the term applied to real records: investment-banking-brokerage data.

Adjacent concepts worth reading next: - Fed reference rates - repo operations - treasury par yield curve