CME Group Benchmark Administration Limited (CBA) has deployed Repo Funds Rate U.S. Dollar (RFR USD) for customer testing in the New Release environment.

RFR USD provides a volume-weighted median rate based on overnight repo transactions using specific and general collateral on the U.S. BrokerTec Central Limit Orderbook (CLOB). The overall rate with supporting metrics is available for subscription and licensing on CME DataMine and on Market Data Platform 3.0 channel 261.

The rate will be published at approximately 3:30 p.m. Eastern Time (ET) on BrokerTec U.S. business days.