1. Interest User Guide
  2. Processing Interest
  3. Applying Floating Interest Rate
  4. Maintaining Alternate Risk Free Rates

1.2.2 Maintaining Alternate Risk Free Rates

Oracle Banking Corporate Lending supports SOFR (Secured Overnight Financing Rate) float rate published by US Federal Reserve Bank’s Alternative Reference Rate Committee on daily basis.

You can maintain SOFR in RFR Rate Input screen (CFDRFRRT).

Parent topic: Applying Floating Interest Rate