SOFR Kya Hai? Mukammal Maloomat

1. Tareekhi Pas-e-Manzar :

SOFR ka full form hai Secured Overnight Financing Rate. Yeh 2017 mein U.S. Federal Reserve ne introduce kiya tha. Pehle duniya bhar mein loans aur financial contracts ke liye LIBOR (London Interbank Offered Rate) ka use hota tha. Lekin LIBOR scandal ke baad, jisme banks ne rates manipulate kiye, trust kaafi kam ho gaya. Tab se regulators ne demand kiya ek transparent aur reliable rate system ka — aur SOFR usi ka jawab hai.

2. LIBOR vs. SOFR :

LIBOR estimate par based hoti thi, yaani banks apne hisaab se rates guess kartay thay.

SOFR real transactions par based hai — jahan banks overnight borrow karte hain U.S. government securities ke against.

SOFR zyada accurate, transparent aur stable mana jata hai.

LIBOR mein risk premium hota tha, jabke SOFR ek risk-free rate consider kiya jata hai.

3. Calculation Ka Tareeqa (How SOFR Is Calculated):

SOFR calculate hoti hai un actual transactions ke basis par jahan banks ek dusray se overnight paisay borrow karte hain, aur collateral ke طور پر U.S. Treasury securities rakhte hain.

Daily basis par yeh data collect hota hai aur New York Federal Reserve is rate ko publish karta hai har subah.

4. Crypto Market Par Asar :

Aaj kal DeFi (Decentralized Finance) aur TradFi (Traditional Finance) ka bridge ban raha hai. Kai protocols real-world interest rates ko apne systems mein use kar rahe hain.

SOFR ka impact stablecoins, tokenized bonds, aur DeFi lending platforms par padta hai.

Jaise jaise blockchain systems mature ho rahe hain, real-world interest rates jaise SOFR bhi crypto products mein integrate ho rahe hain — jese ke Chainlink ke data feeds ya tokenized treasury products.

5. Istemaal Kaise Hota Hai? :

Corporate aur government loans

Derivatives contracts

Treasury bills aur bonds

Financial institutions ke internal models

Tokenized RWA (Real World Assets) platforms in crypto.

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