Move follows ICE's acquisition of American Financial Exchange (AFX)
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced the transition of the American Interbank Offered Rate, now ICE AMERIBOR®, to ICE Data Indices, LLC.
AMERIBOR is a credit-sensitive benchmark that tracks the borrowing costs of small, medium, and regional banks in the United States. Calculated as the volume-weighted interest rate of fully-funded overnight unsecured loans on the AFX Marketplace, it provides a transparent and market-driven measure of credit conditions.
Used by more than 1,000 American banks and financial institutions, the AMERIBOR series includes a range of rates such as rolling averages and 30- and 90-day term benchmarks that reflect both short-term funding conditions and longer-term borrowing costs. The AMERIBOR methodology and daily publication of rates are publicly available on ICE's website.
"AMERIBOR reflects the real funding costs of U.S. community and regional banks, working closely alongside the SOFR rate, to help banks compete and thrive in this evolving lending environment," said Varun Pawar, Chief Product Officer at ICE. "We're excited to welcome AMERIBOR into our trusted family of ICE Indices which underpin over $2 trillion in AUM across the active and passive funds landscape."
Earlier this year, ICE acquired AFX, the previous administrator of AMERIBOR. With this transition, ICE Data Indices will oversee the governance, production, and publication of AMERIBOR. This addition complements the services ICE already provides to many of the same institutions through its mortgage technology network.
With over $2 trillion in assets under management benchmarked to ICE Indices, ICE has deep expertise administering and publishing indices that are used throughout global markets. Its broad offering includes over 7,000 fixed income, equity, currency, commodity and mortgage indices that are trusted by market participants around the world and backed by a 50-year track record.
For more information, visit https://www.ice.com/ameribor.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE:ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025.
ICE Data Indices, LLC is the administrator of the indices referenced herein. Additional important information regarding these indices, including methodologies, limitations, and disclaimers, can be found at indices.ice.com. Neither any investment product mentioned herein (the "Product"), nor the issuer of such Product, as applicable, are sponsored, endorsed, sold or promoted by ICE, its affiliates or their third-party suppliers ("ICE and its Suppliers"). ICE and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally or in any investment product based on an index. Past performance of an index is not an indicator of or a guarantee of future results.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
View source version on businesswire.com: https://www.businesswire.com/news/home/20251001894481/en/
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