A Rate for Main Street: Check Out Our Latest Opinion Piece

Interbank Lending. Credit-Sensitive Rates.

Delivering to the marketplace an observable, credit-sensitive AMERIBOR benchmark rate that reflect the actual overnight borrowing costs of America’s banks and financial institutions.

The AFX Marketplace: The Home for Overnight, Unsecured Interbank Lending and Borrowing

AFX provides over 250 financial institutions with an easy-to-use, safe and scalable platform for overnight, unsecured lending and borrowing. The AFX Marketplace provides price discovery, with our full depth of book available to members so they can source liquidity at market rates.

AMERIBOR: The Leading Credit-Sensitive Benchmark Interest Rate

Transactions on the AFX Marketplace power AMERIBOR, a rate that is a true reflection of the overnight credit-sensitive borrowing costs of America’s banks and financial institutions and a plug-and-play replacement for LIBOR.

A Rate for Main Street, Not Wall Street

Credit sensitivity is a critical risk management factor for banks and financial institutions across the US. AFX provides capital market participants with a credit-sensitive rate that complements the Secured Overnight Financing Rate (SOFR).

Informing the Market

Announcements, interviews and perspectives on interbank lending and borrowing, the overnight market and our work to shine a light on it.

December 4, 2024

Whitepaper: SOFR Dynamics Are Not What You Wished

Thought Leadership
Marco Macchiavelli, University of Massachusetts Amherst

November 20, 2024

AFX Completes Migration of Trading Platform Technology with Transaction Network Services (TNS)

Press Releases

October 22, 2024

American Financial Exchange Partners with EXIM Bank to Better Serve America’s Community Banking Sector

Press Releases

September 12, 2024

Podcast: The Need for a Credit-Sensitive Reference Rate

Thought Leadership
At The Forefront Podcast

September 10, 2024

New Whitepaper Emphasizes the Benefits of Credit-Sensitive Rates

Press Releases

September 4, 2024

Whitepaper: AMERIBOR: A Better Credit Sensitive Reference Rate

Thought Leadership
Marco Macchiavelli, University of Massachusetts Amherst

September 4, 2024

A Rate for Main Street: Why Commercial Banks Urgently Need Credit-Sensitive Benchmark Interest Rates

Thought Leadership
John Shay

August 14, 2024

ANALYSIS: AFX sees August sell-off boosting credit sensitive rates

Media Coverage
FOW

March 28, 2024

Post-Libor Transition, There Remain Refinements to Be Made and Risks to Be Aware of

Media Coverage
GARP

December 21, 2023

Exchange Notification – December 21, 2023

Press Releases

December 12, 2023

2024 Outlook & Considerations for Banking

Thought Leadership
Robert Albertson

November 20, 2023

Surging FHLB Advances Point to Need for a True Reflection of Overnight Lending and Borrowing Costs

Thought Leadership

November 20, 2023

FHLBank System at 100 Report Highlights the Need for a Secure Interbank Lending Marketplace

Thought Leadership

November 10, 2023

The Next Banking Crisis? The Danger of SOFR For Bank Loan Pricing

Thought Leadership
Robert Albertson

November 7, 2023

A New Market in Unsecured Interbank Funding Steps Up

Media Coverage

Get Started Today

Seeking a credit component to your primary financial market index? AFX delivers an efficient lending and borrowing marketplace and the AMERIBOR benchmark rate, which is a true reflection of the overnight unsecured lending market.