the first value date of the SOFR. The SOFR Index value reflects the effect of compounding the SOFR each business day and allows the calculation of compounded SOFR averages over custom time periods. Each business day， 90-， shortly after the SOFR is published at approximately 8:00 a.m. ET. For more information on the SOFR Averages and Index’s publication schedule and methodology， and 180-calendar day periods. The SOFR Index measures the cumulative impact of compounding the SOFR on a unit of investment over time， with the initial value set to 1.00000000 on April 2， see . ， the New York Fed publishes the SOFR Averages and SOFR Index on the New York Fed's website， 2018。

the SOFR Averages are compounded averages of the SOFR over rolling 30-， As an extension of the Secured Overnight Financing Rate (SOFR)，。

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